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Logical abilities and behavior in strategic-form games

Bayer, Ralph C and Renou, Ludovic (2016) 'Logical abilities and behavior in strategic-form games.' Journal of Economic Psychology, 56. pp. 39-59. ISSN 0167-4870

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Abstract

This paper investigates the impact of cognitive abilities and preferences on behavior in games. We first measure subjects’ logical abilities and social preferences and then evaluate their influence on behavior in strategic-form games. For this purpose, we estimate how logical abilities and preferences relate to the probability of a subject being of a specific behavioral type. We find that better logical abilities increase the likelihood of sophisticated behavior. This shift is stronger for subjects who are classified as “selfish”. However, not even the most logically able, selfish subjects are identified as Nash types.

Item Type: Article
Uncontrolled Keywords: Logical ability; Behaviors; Strategic-form games; Experiments; Preferences; Sophistication
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Ludovic Renou
Date Deposited: 27 May 2016 13:53
Last Modified: 26 Nov 2017 02:00
URI: http://repository.essex.ac.uk/id/eprint/16824

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