Recent research has shed light on the effect of cognitive ability on economic decision-making. By measuring cognitive ability using Raven's progressive matrix test, we investigate this effect on human behavior in two types of experimental ultimatum games. We obtain two significant results....

We investigate how cognitive ability and age affect giving behavior in single-blind dictator game experiments with a sample comprising 514 non-student participants in Japan. First, we found a negative correlation between cognitive ability and giving behavior. Focusing on dictators with medium or...

The literature has profusely acknowledged the significant impact of cognitive ability on the economic decision-making. We employ non-student participants and examine whether cognitive ability affects cooperative behavior in repeated prisoner's dilemma (PD) experiments.The results show that,...