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We investigate in a laboratory setting whether revealing information on the intelligence of both players affects … BoS, with high and low payoff inequality. In PD, disclosure markedly hampers cooperation, as higher intelligence players … with low payoff inequality, disclosure disrupts coordination, as higher intelligence players try to force their most …
Persistent link: https://www.econbiz.de/10013286604
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10010364492
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How valuable are cognitive and social abilities for entrepreneurs’ incomes as compared to employees? We answer three questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2) Do different cognitive abilities (e.g. math...
Persistent link: https://www.econbiz.de/10011376647
Cognitive functioning is critical as in our daily life a host of real-world complex decisions in high-stakes markets have to be made. The decision-making process can be vulnerable to environmental stressors. Summarizing the growing economic and epidemiologic evidence linking air pollution,...
Persistent link: https://www.econbiz.de/10011946797
Intelligence and personality significantly affect social outcomes of individuals. We study how and why these traits … levels of certain traits, such as higher or lower levels of intelligence, Conscientiousness and Agreeableness. We find that … intelligence has a large and positive long-run effect on cooperative behavior when there is a conflict between short-run gains and …
Persistent link: https://www.econbiz.de/10011547729
This study shows that the "longer time horizon" argument proposed by Potrafke (2012) with regard to the negative effect of a higher national average cognitive ability on corruption holds only in countries with a relatively high quality of rule of law.
Persistent link: https://www.econbiz.de/10011858859
We investigate in a laboratory setting whether revealing information on intelligence affects behavior in games with … hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against … disrupts coordination on outcomes with positive payoffs, as higher intelligence players try to force their most preferred …
Persistent link: https://www.econbiz.de/10012652718
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