Similar Search Results

How Cognitive Skills Affect Strategic Behavior: Cognitive Ability, Fluid Intelligence and Judgment

Gill, David; Knepper, Zachary; Prowse, Victoria L.; … - 2024

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 …

Persistent link: https://www.econbiz.de/10015061969

Cognitive Skills and the Development of Strategic Sophistication

Fe, Eduardo; Gill, David - 2018

In this paper we investigate how observable cognitive skills influence the development of strategic sophistication. To answer this question, we study experimentally how psychometric measures of theory-of-mind and cognitive ability (or 'fluid intelligence') work together with age to determine the...

Persistent link: https://www.econbiz.de/10011816598

Cognitive Skills, Strategic Sophistication, and Life Outcomes

Fe, Eduardo; Gill, David; Prowse, Victoria L. - 2020

We investigate how childhood cognitive skills affect strategic sophistication and adult outcomes. In particular, we emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven hundred children in a variety of strategic...

Persistent link: https://www.econbiz.de/10012497802

Strategic Complexity and the Value of Thinking

Gill, David; Prowse, Victoria L. - 2022

Response times are a simple low-cost indicator of the process of reasoning in strategic games. In this paper, we leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on average when they...

Persistent link: https://www.econbiz.de/10013351814

Measuring "group cohesion" to reveal the power of social relationships in team production

Gächter, Simon; Starmer, Chris; Tufano, Fabio - 2022

We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-registered replication, reveals strong positive...

Persistent link: https://www.econbiz.de/10014480559

Strategic sophistication of individuals and teams in experimental normal-form games

Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010

We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …

Persistent link: https://www.econbiz.de/10010269696

Strategic sophistication of individuals and teams in experimental normal-form games

Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010

We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …

Persistent link: https://www.econbiz.de/10010294792

Financial incentives and cognitive abilities: evidence from a forecasting task with varying cognitive load

Rydval, Ondřej - 2007

I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance. Using a forecasting task with varying cognitive load, I show that the effectiveness of high-powered financial incentives as a stimulator of...

Persistent link: https://www.econbiz.de/10010276433

The effect of financial incentives and task-specific cognitive abilities on task performance

Rydval, Ondérej - 2011

We extend evidence on the interaction between financial incentives and cognitive abilities by focusing on the effect of task-specific abilities. In a memory-intensive task situated in an accounting context, the effect of accounting education on performance is stronger under financial incentives...

Persistent link: https://www.econbiz.de/10010286455

Cognitive Ability, Character Skills, and Learning to Play Equilibrium: A Level-k Analysis

Gill, David; Prowse, Victoria - 2014

of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

Persistent link: https://www.econbiz.de/10010377362