Cognitive effort in the Beauty Contest Game

被引:103
作者
Branas-Garza, Pablo [1 ]
Garcia-Munoz, Teresa [1 ]
Hernan Gonzalez, Roberto [1 ]
机构
[1] GLOBE U Granada, Granada, Spain
关键词
Beauty Contest Game; Raven; Cognitive Reflection Test; DECISION-MAKING; REFLECTION;
D O I
10.1016/j.jebo.2012.05.018
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:254 / 260
页数:7
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