Cognitive ability and human behavior in experimental ultimatum games

Tetsuya Kawamura and Kazuhito Ogawa

Research in Economics, 2019, vol. 73, issue 1, 97-106

Abstract: Recent researches have shed light on the effect of cognitive ability on economic decision-making. By measuring cognitive ability applying Raven's progressive matrix test, we obtain two significant results that this effect affects decision-making in two types of experimental ultimatum games. First, the higher the cognitive ability, the larger the amount a sender offers when the offer is smaller than or equal to the half split. Second, the higher the responders’ cognitive ability, the smaller the offer they accept, when they accept it or not with the strategy method. This study not only finds new factors that affect decision-making in experimental ultimatum games, but also provides more evidences that cognitive ability influences economic decision-making.

Keywords: Ultimatum game; Cognitive ability; Strategy method; Adult participants (search for similar items in EconPapers)
JEL-codes: C72 C78 D91 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:73:y:2019:i:1:p:97-106

DOI: 10.1016/j.rie.2019.01.005

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