How cognitive skills affect strategic behavior: Cognitive ability, fluid intelligence and judgment

被引:0
|
作者
Gill, David [1 ]
Knepper, Zachary [1 ]
Prowse, Victoria [1 ]
Zhou, Junya [2 ]
机构
[1] Purdue Univ, Dept Econ, W Lafayette, IN 47907 USA
[2] UT Dallas, Naveen Jindal Sch Management, Dallas, UT USA
关键词
Cognitive ability; Judgment; Fluid intelligence; Matrix reasoning; Beauty contest; Strategic sophistication; Level-k; Experiment; Game theory; SITUATIONAL JUDGMENT; GUESSING GAMES; TESTS; VALIDITY; MODELS;
D O I
10.1016/j.geb.2024.09.007
中图分类号
F [经济];
学科分类号
02 ;
摘要
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, individuals with better judgment choose zero less frequently, and we uncover a novel dynamic mechanism that sheds light on this pattern. Taken together, our results indicate that fluid (i.e., analytical) intelligence is a primary driver of strategic level-k thinking, while facets of judgment that are distinct from fluid intelligence drive the lower inclination of high judgment individuals to choose zero.
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页码:82 / 95
页数:14
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