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Rationality around the clock. Sleep and time-of-day effects on guessing game responses

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  • David L. Dickinson
  • Todd McElroy

Abstract

We administer a unique online version of the Guessing Game where subject responses are collected across all 24 hours of the day. While time-of-day itself does not affect guesses, when combined with a trait-level sleepiness measure and previous night sleep, adverse sleep states lead to responses significantly farther from equilibrium. These results have implications for shift workers and others whose constraints or choices lead to adverse sleep parameters. Key Words:

Suggested Citation

  • David L. Dickinson & Todd McElroy, 2009. "Rationality around the clock. Sleep and time-of-day effects on guessing game responses," Working Papers 09-17, Department of Economics, Appalachian State University.
  • Handle: RePEc:apl:wpaper:09-17
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    File URL: http://econ.appstate.edu/RePEc/pdf/wp0917.pdf
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    References listed on IDEAS

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    1. Grosskopf, Brit & Nagel, Rosemarie, 2008. "The two-person beauty contest," Games and Economic Behavior, Elsevier, vol. 62(1), pages 93-99, January.
    2. Nagel, Rosemarie, 1995. "Unraveling in Guessing Games: An Experimental Study," American Economic Review, American Economic Association, vol. 85(5), pages 1313-1326, December.
    3. Brit Grosskopf & Rosemarie Nagel, 2007. "Rational reasoning or adaptive behavior? Evidence from two-person beauty contest games," Economics Working Papers 1068, Department of Economics and Business, Universitat Pompeu Fabra.
    4. David L. Dickinson & Todd McElroy, 2009. "Naturally-occurring sleep choice and time of day effects on p-beauty contest outcomes," Working Papers 09-03, Department of Economics, Appalachian State University.
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    Citations

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    Cited by:

    1. Chen, Chia-Ching & Chiu, I-Ming & Smith, John & Yamada, Tetsuji, 2013. "Too smart to be selfish? Measures of cognitive ability, social preferences, and consistency," Journal of Economic Behavior & Organization, Elsevier, vol. 90(C), pages 112-122.
    2. Bishop, James, 2015. "No Rest for the Weary: Commuting, Hours Worked, and Sleep," MPRA Paper 62162, University Library of Munich, Germany.
    3. Chen, Chia-Ching & Chiu, I-Ming & Smith, John & Yamada, Tetsuji, 2011. "Too smart to be selfish? Measures of intelligence, social preferences, and consistency," MPRA Paper 34438, University Library of Munich, Germany.
    4. repec:eee:eecrev:v:97:y:2017:i:c:p:57-71 is not listed on IDEAS
    5. repec:eee:matsoc:v:90:y:2017:i:c:p:191-207 is not listed on IDEAS
    6. Marco Castillo & David L. Dickinson & Ragan Petrie, 2017. "Sleepiness, choice consistency, and risk preferences," Theory and Decision, Springer, vol. 82(1), pages 41-73, January.
    7. Michael A. Kuhn & Peter Kuhn & Marie Claire Villeval, 2013. "The importance of the cognitive environment on intertemporal choice," Post-Print halshs-00862656, HAL.
    8. Allred, Sarah & Duffy, Sean & Smith, John, 2016. "Cognitive load and strategic sophistication," Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 162-178.
    9. Nagel, Rosemarie & Bühren, Christoph & Frank, Björn, 2017. "Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 191-207.
    10. Emma Boswell Dean & Frank Schilbach & Heather Schofield, 2017. "Poverty and Cognitive Function," NBER Chapters,in: The Economics of Poverty Traps National Bureau of Economic Research, Inc.

    More about this item

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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