Cognitive effort in the beauty contest game
Branas-Garza, Pablo and García-Muñoz, Teresa and Hernán-González, Roberto (2012) Cognitive effort in the beauty contest game. Journal of Economic Behavior & Organization, 83 (2). pp. 254-260. ISSN 0167-2681
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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.
|Keywords (uncontrolled):||Beauty contest game; raven; cognitive reflection test|
|Research Areas:||A. > Business School > Economics
A. > Business School > Economics > Behavioural Economics group
|Depositing User:||Pablo Branas Garza|
|Date Deposited:||26 Mar 2013 06:36|
|Last Modified:||13 Oct 2016 14:26|
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