Cognitive effort in the Beauty Contest Game

Pablo Brañas-Garza, Teresa García-Muño and Roberto Hernán ()
Additional contact information
Teresa García-Muño: Universidad de Granada, Spain
Roberto Hernán: Economic Science Institute, Chapman University, USA

Working Papers from Chapman University, Economic Science Institute

Abstract: This paper analyzes cognitive effort in 6 different one-shot 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.

Keywords: Beauty Contest Game; Raven; Cognitive Reflection Test (search for similar items in EconPapers)
Pages: 11 pages
Date: 2011
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth and nep-neu
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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http://www.chapman.edu/ESI/wp/Hernan-CognitiveEffortBeautyContestGame.pdf (application/pdf)

Related works:
Journal Article: Cognitive effort in the Beauty Contest Game (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:chu:wpaper:11-08

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