BRAÑAS GARZA, PABLO ERNESTO, Garcia-Munoz, Teresa , Hernan Gonzalez, Roberto
Si
J. Econ. Behav. Organ.
Article
Científica
1.065
1.532
01/07/2012
000307134500007
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. (C) 2012 Elsevier B.V. All rights reserved.
Beauty Contest Game; Raven; Cognitive Reflection Test