Cognitive effort in the Beauty Contest Game

Pablo Brañas-Garza, Teresa García-Muñoz and Roberto Hernan Gonzalez

Journal of Economic Behavior & Organization, 2012, vol. 83, issue 2, 254-260

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.

Keywords: Beauty Contest Game; Raven; Cognitive Reflection Test (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (48)

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Working Paper: Cognitive effort in the Beauty Contest Game (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:83:y:2012:i:2:p:254-260

DOI: 10.1016/j.jebo.2012.05.018

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