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Rationality around the clock: Sleep and time-of-day effects on guessing game responses

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  • Dickinson, David L.
  • McElroy, Todd

Abstract

We administer an online Guessing Game collecting responses across all 24Â h of the day. While time-of-day itself does not affect guesses, when including trait-level sleepiness and previous night sleep, adverse sleep states lead to responses significantly farther from equilibrium.

Suggested Citation

  • Dickinson, David L. & McElroy, Todd, 2010. "Rationality around the clock: Sleep and time-of-day effects on guessing game responses," Economics Letters, Elsevier, vol. 108(2), pages 245-248, August.
    • Handle: RePEc:eee:ecolet:v:108:y:2010:i:2:p:245-248
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    References listed on IDEAS

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    1. Grosskopf, Brit & Nagel, Rosemarie, 2008. "The two-person beauty contest," Games and Economic Behavior, Elsevier, vol. 62(1), pages 93-99, January.
    2. Brit Grosskopf & Rosemarie Nagel, 2007. "Rational reasoning or adaptive behavior? Evidence from two-person beauty contest games," Economics Working Papers 1068, Department of Economics and Business, Universitat Pompeu Fabra.
    3. David L. Dickinson & Todd McElroy, 2009. "Naturally-occurring sleep choice and time of day effects on p-beauty contest outcomes," Working Papers 09-03, Department of Economics, Appalachian State University.
    4. Nagel, Rosemarie, 1995. "Unraveling in Guessing Games: An Experimental Study," American Economic Review, American Economic Association, vol. 85(5), pages 1313-1326, December.
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    Cited by:

    1. Marco Castillo & David L. Dickinson & Ragan Petrie, 2017. "Sleepiness, choice consistency, and risk preferences," Theory and Decision, Springer, vol. 82(1), pages 41-73, January.
    2. Michael A. Kuhn & Peter Kuhn & Marie Claire Villeval, 2014. "Self Control and Intertemporal Choice: Evidence from Glucose and Depletion Interventions," Post-Print halshs-00954539, HAL.
    3. David L. Dickinson & Andrew R. Smith & Robert McClelland, 2019. "An Examination of Circadian Impacts on Judgments," Working Papers 19-11, Department of Economics, Appalachian State University.
    4. Michael A. Kuhn & Peter Kuhn & Marie Claire Villeval, 2013. "The importance of the cognitive environment on intertemporal choice," Post-Print halshs-00862656, HAL.
    5. Marco Castillo & David Dickinson & Ragan Petrie, 2012. "Cognitive Resource Depletion, Choice Consistency, and Risk Preferences," Working Papers 1036, George Mason University, Interdisciplinary Center for Economic Science, revised Nov 2012.
    6. Chen, Chia-Ching & Chiu, I-Ming & Smith, John & Yamada, Tetsuji, 2011. "Too smart to be selfish? Measures of intelligence, social preferences, and consistency," MPRA Paper 34438, University Library of Munich, Germany.
    7. Nagel, Rosemarie & Bühren, Christoph & Frank, Björn, 2017. "Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 191-207.
    8. Chen, Chia-Ching & Chiu, I-Ming & Smith, John & Yamada, Tetsuji, 2013. "Too smart to be selfish? Measures of cognitive ability, social preferences, and consistency," Journal of Economic Behavior & Organization, Elsevier, vol. 90(C), pages 112-122.
    9. Emma Boswell Dean & Frank Schilbach & Heather Schofield, 2017. "Poverty and Cognitive Function," NBER Chapters, in: The Economics of Poverty Traps, pages 57-118, National Bureau of Economic Research, Inc.
    10. Bishop, James, 2015. "No Rest for the Weary: Commuting, Hours Worked, and Sleep," MPRA Paper 62162, University Library of Munich, Germany.
    11. Allred, Sarah & Duffy, Sean & Smith, John, 2016. "Cognitive load and strategic sophistication," Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 162-178.
    12. Dickinson, David L. & McElroy, Todd, 2017. "Sleep restriction and circadian effects on social decisions," European Economic Review, Elsevier, vol. 97(C), pages 57-71.

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    More about this item

    Keywords

    Experiments Rationality Sleep Guessing game;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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