Game form recognition in preference elicitation, cognitive abilities and cognitive load

Andreas Drichoutis and Rodolfo Nayga

MPRA Paper from University Library of Munich, Germany

Abstract: This study further examines the failure of game form recognition in preference elicitation (Cason and Plott, 2014) by making elicitation more cognitively demanding through a cognitive load manipulation. We hypothesized that if subjects misperceive one game for another game, then by depleting their cognitive resources, subjects would misconceive the more-cognitively demanding task for the less-cognitively demanding task at a higher rate. We find no evidence that subjects suffer from a first-price-auction game-form misconception but rather that once cognitive resources are depleted, subjects' choices are better explained by random choice. More cognitively able subjects are more immune to deviations from sub-optimal play than lower cognitively able subjects.

Keywords: Game form recognition; game form misconception; Becker-DeGroot-Marschak mechanism; first price auction; preference elicitation; cognitive load; cognitive resources; Raven test; fluid intelligence (search for similar items in EconPapers)
JEL-codes: C80 C91 D44 (search for similar items in EconPapers)
Date: 2019-11-03, Revised 2020-01-06
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-neu
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https://mpra.ub.uni-muenchen.de/98424/1/MPRA_paper_97980.pdf revised version (application/pdf)

Related works:
Journal Article: Game form recognition in preference elicitation, cognitive abilities, and cognitive load (2022)
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