Cognitive effort in the beauty contest game
Branas-Garza, Pablo, 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 [Article] (doi:10.1016/j.jebo.2012.05.018)
Abstract
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.
| Item Type: | Article |
|---|---|
| Keywords (uncontrolled): | Beauty contest game; raven; cognitive reflection test |
| Research Areas: | A. > Business School > Economics |
| Item ID: | 10221 |
| Depositing User: | Pablo Branas Garza |
| Date Deposited: | 26 Mar 2013 06:36 |
| Last Modified: | 07 Jun 2018 13:43 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/10221 |
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