Recent research has shed light on the effect of cognitive ability on economic decision-making. By measuring cognitive ability using Raven's progressive matrix test, we investigate this effect on human behavior in two types of experimental ultimatum games. We obtain two significant results....

We investigate how cognitive ability and age affect giving behavior in single-blind dictator game experiments with a sample comprising 514 non-student participants in Japan. First, we found a negative correlation between cognitive ability and giving behavior. Focusing on dictators with medium or...

Dictators tend to reduce the allocation amount in the experimental risky dictator game in which recipients gain the allocation probabilistically compared with the baseline dictator game. This could be attributed to probabilistic determination and social image. We conducted a series of...