Cognitive effort in the beauty contest game

Article

Branas-Garza, P., García-Muñoz, T. and Hernán-González, R. 2012. Cognitive effort in the beauty contest game. Journal of Economic Behavior and Organization. 83 (2), pp. 254-260. https://doi.org/10.1016/j.jebo.2012.05.018
TypeArticle
TitleCognitive effort in the beauty contest game
AuthorsBranas-Garza, P., García-Muñoz, T. and Hernán-González, R.
Abstract

This paper analyzes cognitive effort in 6 different oneshot p-beauty games. We use both Raven and Cognitive Reflection tests to identify subjects’ abilities. We find that the Raven test does not provide any insight on Beauty Contest Game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies. The results are confirmed when levels of reasoning instead of entries in the BCG are used.

KeywordsBeauty contest game; raven; cognitive reflection test
PublisherElsevier
JournalJournal of Economic Behavior and Organization
ISSN0167-2681
Publication dates
Online08 Jun 2012
Publication process dates
Deposited26 Mar 2013
Accepted25 May 2012
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1016/j.jebo.2012.05.018
LanguageEnglish
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