Fluid intelligence and cognitive reflection in a strategic environment: evidence from dominance-solvable games

Nobuyuki Hanaki, Nicolas Jacquemet (), Stéphane Luchini () and Adam Zylbersztejn ()
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Stéphane Luchini: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique
Adam Zylbersztejn: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Dominance solvability is one of the most straightforward solution concepts in game theory. It is based on two principles: dominance (according to which players always use their dominant strategy) and iterated dominance (according to which players always act as if others apply the principle of dominance). However, existing experimental evidence questions the empirical accuracy of dominance solvability. In this study, we study the relationships between the key facets of dominance solvability and two cognitive skills, cognitive reection and uid intelligence. We provide evidence that the behaviors in accordance with dominance and one-step iterated dominance are both predicted by one's uid intelligence rather than cognitive reection. Individual cognitive skills, however, only explain a small fraction of the observed failure of dominance solvability. The accuracy of theoretical predictions on strategic decision making thus not only depends on individual cognitive characteristics, but also, perhaps more importantly, on the decision making environment itself.

Keywords: Raven's test; experiment; Dominance solvability; cognitive skills; CRT (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-gth and nep-neu
Note: View the original document on HAL open archive server: https://hal.science/hal-01359231v1
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Citations: View citations in EconPapers (8)

Published in Frontiers in Psychology, 2016, 8, ⟨10.3389/fpsyg.2016.01188⟩

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Working Paper: Fluid intelligence and cognitive reflection in a strategic environment: evidence from dominance-solvable games (2016)
Working Paper: Fluid intelligence and cognitive reflection in a strategic environment: evidence from dominance-solvable games (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01359231

DOI: 10.3389/fpsyg.2016.01188

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