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Are individuals with higher cognitive ability expected to play more strategically?

Listed author(s):
  • Juan M. Benito-Ostolaza

    (Department of Economics, Universidad Pública de Navarra)

  • Penélope Hernández

    (Universitat de València and ERICES, Spain)

  • Juan A. Sanchis-Llopis

    (Universitat de València and ERICES, Spain)

This paper experimentally analyzes the relationship between cognitive abilities and strategic behavior. In our experiment, individuals play in a sequential game where computing the equilibrium is challenging. After playing the game, we measure the individual's cognitive ability using the Raven's test. The results we obtain reveal that the number of strategic decisions (played in the sequential game) increases signi cantly among the individuals with higher cognitive ability (measured by the Raven's test), as compared to those with lower cognitive ability. These results con rm that individuals with higher cognitive abilities play more strategically.

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File URL: ftp://147.156.210.157/RePEc/pdf/eec_1507.pdf
File Function: First version, 2015
Download Restriction: no

Paper provided by Department of Applied Economics II, Universidad de Valencia in its series Working Papers with number 1507.

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Date of creation: Oct 2015
Handle: RePEc:eec:wpaper:1507
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  2. Ralph-C. Bayer & Ludovic Renou, 2011. "Cognitive abilities and behavior in strategic-form games.," Discussion Papers in Economics 11/16, Department of Economics, University of Leicester.
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  15. Benito-Ostolaza, Juan M. & Sanchis-Llopis, Juan A., 2014. "Training strategic thinking: Experimental evidence," Journal of Business Research, Elsevier, vol. 67(5), pages 785-789.
  16. Al-Ubaydli, Omar & Jones, Garett & Weel, Jaap, 2014. "Average player traits as predictors of cooperation in a repeated prisoner's dilemma," MPRA Paper 55383, University Library of Munich, Germany.
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