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We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425
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We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others ́statements of confidence about how well they have...
Persistent link: https://www.econbiz.de/10010223063
-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the …
Persistent link: https://www.econbiz.de/10012494900
We study how response time in a laboratory experiment on bank runs affects withdrawal decisions. In our setup, the bank … difficulty and optimality of withdrawal decision. We hypothesize that a) the more difficult the decision, the longer the response …
Persistent link: https://www.econbiz.de/10012011103
We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …
Persistent link: https://www.econbiz.de/10012118611
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We run an experiment on the impact of involvement and outcome favorability on the acceptance of collective decisions …. It involves 763 students at the Poznan University of Economics and Management. The collective decision chooses one out of … the decision using the mind game and psychological scales of short-run affective state. We find strong support for outcome …
Persistent link: https://www.econbiz.de/10014530724
than Italian-speaking children to delay gratification in an intertemporal choice experiment. This result is robust when …
Persistent link: https://www.econbiz.de/10011343740
than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10011346563