Cognitive effort in the Beauty Contest Game
► We study the relationship between subjects’ cognitive abilities and entries in a BCG. ► Raven test of IQ does not provide any insight on BCG playing. ► Less impulsive subjects who engage in reflective thinking behave more “rational”. This paper analyzes cognitive effort in 6 different oneshot p-be...
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| Published in | Journal of economic behavior & organization Vol. 83; no. 2; pp. 254 - 260 |
|---|---|
| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
Amsterdam
Elsevier B.V
01.07.2012
Elsevier Sequoia S.A |
| Subjects | |
| Online Access | Get full text |
| ISSN | 0167-2681 1879-1751 |
| DOI | 10.1016/j.jebo.2012.05.018 |
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| Abstract | ► We study the relationship between subjects’ cognitive abilities and entries in a BCG. ► Raven test of IQ does not provide any insight on BCG playing. ► Less impulsive subjects who engage in reflective thinking behave more “rational”.
This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects’ abilities. We find that the Raven test does not provide any insight on Beauty Contest Game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies. The results are confirmed when levels of reasoning instead of entries in the BCG are used. |
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| AbstractList | This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects' abilities. We find that the Raven test does not provide any insight on Beauty Contest Game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies. The results are confirmed when levels of reasoning instead of entries in the BCG are used. [PUBLICATION ABSTRACT] This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects' abilities. We find that the Raven test does not provide any insight on Beauty Contest Game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies. The results are confirmed when levels of reasoning instead of entries in the BCG are used. [Copyright Elsevier B.V.] This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects' abilities. We find that the Raven test does not provide any insight on Beauty Contest Game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies. The results are confirmed when levels of reasoning instead of entries in the BCG are used. All rights reserved, Elsevier ► We study the relationship between subjects’ cognitive abilities and entries in a BCG. ► Raven test of IQ does not provide any insight on BCG playing. ► Less impulsive subjects who engage in reflective thinking behave more “rational”. This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects’ abilities. We find that the Raven test does not provide any insight on Beauty Contest Game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies. The results are confirmed when levels of reasoning instead of entries in the BCG are used. |
| Author | García-Muñoz, Teresa Brañas-Garza, Pablo González, Roberto Hernán |
| Author_xml | – sequence: 1 givenname: Pablo surname: Brañas-Garza fullname: Brañas-Garza, Pablo email: pbg@ugr.es organization: GLOBE: U. de Granada, Spain – sequence: 2 givenname: Teresa surname: García-Muñoz fullname: García-Muñoz, Teresa organization: GLOBE: U. de Granada, Spain – sequence: 3 givenname: Roberto Hernán surname: González fullname: González, Roberto Hernán organization: GLOBE: U. de Granada, Spain |
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| Snippet | ► We study the relationship between subjects’ cognitive abilities and entries in a BCG. ► Raven test of IQ does not provide any insight on BCG playing. ► Less... This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects' abilities.... |
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| SubjectTerms | Beauty Beauty Contest Game Cognition Cognitive ability Cognitive Reflection Test Economic models Game theory Games Personality tests Prone Raven Reasoning Reflection Research strategies Studies Tests |
| Title | Cognitive effort in the Beauty Contest Game |
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