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Depth of reasoning in the 11-20 game differs between financial professionals and students. A lab-in-the-field experiment

Author

Listed:
  • Bernur Acikgoz

    (IKCU - Izmir Katip Celebi University)

  • Dimitri Dubois

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

  • Sebastien Duchene

    (Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School)

  • Adrien Nguyen-Huu

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

  • Marc Willinger

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement - UM - Université de Montpellier)

Abstract

We rely on Alaoui and Penta (2020)'s variant of the 11-20 game (Arad and Rubinstein, 2012), to elicit the depth of reasoning of financial professionals (FP) and students (ST). FP chose lower numbers in the 11-20 game than ST, but had similar CRT scores. We observe that ST with higher CRT scores tend to choose larger numbers. FPs' chosen numbers are positively affected by their SVO while ST's chosen numbers are positively affected by their riskaversion.

Suggested Citation

  • Bernur Acikgoz & Dimitri Dubois & Sebastien Duchene & Adrien Nguyen-Huu & Marc Willinger, 2024. "Depth of reasoning in the 11-20 game differs between financial professionals and students. A lab-in-the-field experiment," Post-Print hal-04578910, HAL.
    • Handle: RePEc:hal:journl:hal-04578910
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