Showing 1 - 10 of 3,022
Persistent link: https://www.econbiz.de/10014429999
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/10014584425
Persistent link: https://www.econbiz.de/10015073365
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
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/10013191643
Persistent link: https://www.econbiz.de/10010376960
Persistent link: https://www.econbiz.de/10011754635
Response times are a simple low-cost indicator of the process of reasoning in strategic games (Rubinstein, 2007; Rubinstein, 2016). 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...
Persistent link: https://www.econbiz.de/10011607565
Persistent link: https://www.econbiz.de/10012163499
Persistent link: https://www.econbiz.de/10011808121