Research Repository

Cognitive abilities and behavior in strategic-form games.

Bayer, Ralph-C and Renou, Ludovic (2011) Cognitive abilities and behavior in strategic-form games. Working Paper. University of Leicester Discussion Papers in Economics 11/16.

Full text not available from this repository.

Abstract

This paper investigates the relation between cognitive abilities and behavior in strategic-form games with the help of a novel experiment. The design allows us first to measure the cognitive abilities of subjects without confound and then to evaluate their impact on behaviour in strategic-from games. We find that subjects with better cognitive abilities show more sophisticated behavior and make better use of information on cognitive abilities and preferences of opponents. Although we do not find evidence for Nash behavior, observed behaviour is remarkably sophisticated, as almost 80% of subjects behave near optimal and outperform Nash behavior with respect to expected pay-offs.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: cognitive ability; behaviours; strategic-form games; experiments; preferences; sophistication
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 14 Jan 2015 13:31
Last Modified: 14 Jan 2015 13:31
URI: http://repository.essex.ac.uk/id/eprint/12298

Actions (login required)

View Item View Item