Depth of reasoning in the 11-20 game differs between financial professionals and students. A lab-in-the-field experiment

Bernur Acikgoz, Dimitri Dubois (), Sébastien Duchêne (), Adrien Nguyen-Huu and Marc Willinger
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Bernur Acikgoz: IKCU - Izmir Katip Celebi University
Dimitri Dubois: CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier
Sébastien Duchêne: Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School

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Abstract: We rely on Alaoui and Penta (2020)'s variant of the 11-20 game (Arad and Rubinstein, 2012), to elicit the depth of reasoning of financial professionals (FP) and students (ST). FP chose lower numbers in the 11-20 game than ST, but had similar CRT scores. We observe that ST with higher CRT scores tend to choose larger numbers. FPs' chosen numbers are positively affected by their SVO while ST's chosen numbers are positively affected by their riskaversion.

Date: 2024
Note: View the original document on HAL open archive server: https://hal.science/hal-04578910v1
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Published in Economics Letters, 2024, 239, pp.111754. ⟨10.1016/j.econlet.2024.111754⟩

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Journal Article: Depth of reasoning in the 11–20 game differs between financial professionals and students. A lab-in-the-field experiment (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04578910

DOI: 10.1016/j.econlet.2024.111754

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