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Cognitive sophistication and deliberation times
Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2019 - Revised version
Differences in cognitive sophistication and effort are at the root of behavioral heterogeneity in economics. To explain … this heterogeneity, behavioral models assume that certain choices indicate higher cognitive effort. A fundamental problem …
Persistent link: https://www.econbiz.de/10012006965
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Cognitive sophistication and deliberation times
Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2018
Behavioral heterogeneity arising from cognitive differences among economic agents plays a fundamental role in the … economy. To explain this heterogeneity, models of iterative thinking assume that certain choices indicate higher cognitive …
Persistent link: https://www.econbiz.de/10011969203
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Cognitive sophistication and deliberation times
Alós-Ferrer, Carlos; Buckenmaier, Johannes - In: Experimental economics : a journal of the Economic … 24 (2021) 2, pp. 558-592
Persistent link: https://www.econbiz.de/10012544405
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Cognitive sophistication and deliberation times
Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2019
Differences in cognitive sophistication and effort are at the root of behavioral heterogeneity in economics. To explain … this heterogeneity, behavioral models assume that certain choices indicate higher cognitive effort. A fundamental problem …
Persistent link: https://www.econbiz.de/10012010237
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Over-confidence and low-cost heuristics : an experimental investigation of choice behavior
Cicognani, Simona; Mittone, Luigi - 2014
This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The … order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …
Persistent link: https://www.econbiz.de/10010425055
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Chapter 21 Experimental Study of Law
Camerer, Colin; Talley, Eric - In: Handbook of law and economics : volume 2, (pp. 1619-1650). 2007
scholarship, the core ingredients of a well done experiment, and common distinctions between experimental economics and other …
Persistent link: https://www.econbiz.de/10014023489
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Perceived wealth, cognitive sophistication and behavioral inattention
Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico - 2019
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance …
Persistent link: https://www.econbiz.de/10012133168
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How cognitive skills affect strategic behavior : cognitive ability, fluid intelligence and judgment
Gill, David; Knepper, Zachary; Prowse, Victoria; Zhou, Junya - 2024
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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Cognitive Abilities and Behavioral Biases
Oechssler, Joerg; Roider, Andreas; Schmitz, Patrick W. - 2021
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10013324818
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Cognitive abilities and behavioral biases
Oechssler, Joerg (contributor); Roider, Andreas (contributor) - 2008
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10003747336