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Cognitive effort in the Beauty Contest Game

Author

Listed:
  • Pablo Brañas-Garza

    (Universidad de Granada, Spain)

  • Teresa García-Muño

    (Universidad de Granada, Spain)

  • Roberto Hernán

    (Economic Science Institute, Chapman University, USA)

Abstract

This paper analyzes cognitive effort in 6 different one-shot 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.

Suggested Citation

  • Pablo Brañas-Garza & Teresa García-Muño & Roberto Hernán, 2011. "Cognitive effort in the Beauty Contest Game," Working Papers 11-08, Chapman University, Economic Science Institute.
    • Handle: RePEc:chu:wpaper:11-08
    as

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    References listed on IDEAS

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    Keywords

    Beauty Contest Game; Raven; Cognitive Reflection Test;
    All these keywords.

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