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Fluid intelligence and cognitive reflection in a strategic environment: evidence from dominance-solvable games

Listed author(s):
  • Nobuyuki Hanaki

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - UCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique)

  • Nicolas Jacquemet

    (PSE - Paris School of Economics)

  • Stéphane Luchini

    (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique - ECM - Ecole Centrale de Marseille)

  • Adam Zylbersztejn

    (GATE Lyon Saint-Étienne - Groupe d'analyse et de théorie économique - ENS Lyon - École normale supérieure - Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - UJM - Université Jean Monnet [Saint-Etienne] - Université de Lyon - CNRS - Centre National de la Recherche Scientifique)

Dominance solvability is one of the most straightforward solution concepts in game theory. It is based on two principles: dominance (according to which players always use their dominant strategy) and iterated dominance (according to which players always act as if others apply the principle of dominance). However, existing experimental evidence questions the empirical accuracy of dominance solvability. In this study, we study the relationships between the key facets of dominance solvability and two cognitive skills, cognitive reection and uid intelligence. We provide evidence that the behaviors in accordance with dominance and one-step iterated dominance are both predicted by one's uid intelligence rather than cognitive reection. Individual cognitive skills, however, only explain a small fraction of the observed failure of dominance solvability. The accuracy of theoretical predictions on strategic decision making thus not only depends on individual cognitive characteristics, but also, perhaps more importantly, on the decision making environment itself.

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File URL: https://hal.archives-ouvertes.fr/hal-01359231/document
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Paper provided by HAL in its series PSE - Labex "OSE-Ouvrir la Science Economique" with number hal-01359231.

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Date of creation: 2016
Publication status: Published in Frontiers in Psychology, Frontiers, 2016, 8, 〈10.3389/fpsyg.2016.01188〉
Handle: RePEc:hal:pseose:hal-01359231
DOI: 10.3389/fpsyg.2016.01188
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01359231
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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