Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory
Nobuyuki Hanaki ()
The Japanese Economic Review, 2020, vol. 71, issue 3, No 1, 355-378
Abstract This paper discusses the relationships between the “measured” cognitive ability of participants and their behavior as observed during laboratory experiments. Based on such relationships, macroeconomic implications of micro-level “boundedly rational” individual behavior will be discussed. The paper also addresses potential problems that arise when insufficient attention is paid to large differences in the measured cognitive ability of participants across several experimental laboratories, influencing the replicability of existing experimental results but also the interpretation of results from cross-country experimental analyses, and proposes to complement participants’ database with individual characteristics.
Keywords: Cognitive ability; Laboratory experiments; Strategic environment effect (search for similar items in EconPapers)
JEL-codes: C90 D84 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s42973-019-00018-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Working Paper: Cognitive Ability and Observed Behavior in Laboratory Experiments: Implications for Macroeconomic Theory (2019)
Working Paper: Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:jecrev:v:71:y:2020:i:3:d:10.1007_s42973-019-00018-7
Ordering information: This journal article can be ordered from
Access Statistics for this article
The Japanese Economic Review is currently edited by Michihiro Kandori
More articles in The Japanese Economic Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().