EconPapers    
Economics at your fingertips  
 

Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory

Nobuyuki Hanaki

Post-Print from HAL

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)
Date: 2019-12-06
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Japanese Economic Review, 2019, ⟨10.1007/s42973-019-00018-7⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory (2020) Downloads
Working Paper: Cognitive Ability and Observed Behavior in Laboratory Experiments: Implications for Macroeconomic Theory (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02534868

DOI: 10.1007/s42973-019-00018-7

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-31
Handle: RePEc:hal:journl:halshs-02534868