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Computational Errors in Guessing Games1

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Abstract

BCG are widely considered to be an ideal tool for analyzing individual depth of reasoning. Accordingly, experimental results are interpreted as arising from different levels of reasoning. In this paper we turn attention to heterogeneity in computational skills. We show that the presence of systematic calculation errors introduces some noise, making less clear the conventional interpretation.

Suggested Citation

  • Antonio Morales & Pablo Brañas Garza, 2003. "Computational Errors in Guessing Games1," Economic Working Papers at Centro de Estudios Andaluces E2003/11, Centro de Estudios Andaluces.
    • Handle: RePEc:cea:doctra:e2003_11
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    Keywords

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    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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