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Games with Incomplete Information on One Side as Games with Incomplete Information on Both Sides and Asymmetric Computational Resources

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  • Misha Gavrilovich

    () (National Research University Higher School of Economics)

  • Victoria Kreps

    (National Research University Higher School of Economics)

Abstract

Decision-making under uncertainty in the Iowa Gambling Task (IGT) has been intensively studied over the last twenty years regarding both “hot” and “cold” components. The ventromedial prefrontal cortex is a key region involved in processing somatic marker information, though recent findings suggest that dorsolateral regions are also important. The dorsolateral prefrontal cortex is also known as a substrate of executive functions—the cold component of decision-making. However, there is contradictory evidence about the role of executive functions, as well as the hot component of decision-making—emotional intelligence. This study seeks to address this inconsistency. Previous findings suggest that patients with right frontal lobe lesions should find decision-making more problematic in IGT. This article investigates the importance of emotional intelligence as the hot and executive functions as the cold components of decision-making in IGT. We obtained data from patients with right frontal lobe tumours and healthy controls who undertook IGT, Wisconsin Card Sorting Test (WCST) and D-KEFS Colour-Word Interference Test. The current findings imply that performance in IGT is highly correlated with several parameters of set-shifting in the WCST: correct answers, conceptual level responses and non-perseverative errors. However, no correlation is found with cognitive inhibition parameters in the Colour-Word Interference Test, while an interaction between the emotional intelligence parameters and the performance on IGT is low.

Suggested Citation

  • Misha Gavrilovich & Victoria Kreps, 2016. "Games with Incomplete Information on One Side as Games with Incomplete Information on Both Sides and Asymmetric Computational Resources," HSE Working papers WP BRP 154/EC/2016, National Research University Higher School of Economics.
  • Handle: RePEc:hig:wpaper:154/ec/2016
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    File URL: https://wp.hse.ru/data/2016/10/27/1110471280/153EC2016.pdf
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    References listed on IDEAS

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    1. Anna Bogomolnaia & Herve Moulin & Fedor Sandomirskiy & Elena Yanovskaya, 2016. "Dividing Goods and Bads Under Additive Utilities," HSE Working papers WP BRP 153/EC/2016, National Research University Higher School of Economics.
    2. Anna Bogomolnaia & Herve Moulin & Fedor Sandomirskiy & Elena Yanovskaya, 2016. "Dividing Goods or Bads Under Additive Utilities," HSE Working papers WP BRP 147/EC/2016, National Research University Higher School of Economics.
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    Keywords

    Iowa Gambling Task; right frontal lobe tumour; tumour patients; executive functions; lateral prefrontal cortex; emotional intelligence;

    JEL classification:

    • Z - Other Special Topics

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