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.
机构:
SWPS Univ Social Sci & Humanities, Fac Psychol Wroclaw, Ctr Res Improving Decis Making CRIDM, Ostrowskiego 30b, PL-53238 Wroclaw, PolandSWPS Univ Social Sci & Humanities, Fac Psychol Wroclaw, Ctr Res Improving Decis Making CRIDM, Ostrowskiego 30b, PL-53238 Wroclaw, Poland
Sobkow, Agata
Olszewska, Angelika
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SWPS Univ Social Sci & Humanities, Fac Psychol Wroclaw, Ctr Res Improving Decis Making CRIDM, Ostrowskiego 30b, PL-53238 Wroclaw, PolandSWPS Univ Social Sci & Humanities, Fac Psychol Wroclaw, Ctr Res Improving Decis Making CRIDM, Ostrowskiego 30b, PL-53238 Wroclaw, Poland
Olszewska, Angelika
Sirota, Miroslav
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Univ Essex, Colchester, Essex, EnglandSWPS Univ Social Sci & Humanities, Fac Psychol Wroclaw, Ctr Res Improving Decis Making CRIDM, Ostrowskiego 30b, PL-53238 Wroclaw, Poland