Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
884182 | Journal of Economic Behavior & Organization | 2009 | 5 Pages |
Abstract
“Beauty contests” are well-studied, dominance-solvable games that generate two interesting results. First, most behavior does not conform to the unique Nash equilibrium. Second, there is considerable unexplained heterogeneity in behavior. In this work, we explore the relationship between beauty contest behavior and cognitive ability. We find that subjects with high cognitive ability exhibit behavior that is closer to the Nash equilibrium.
Related Topics
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Authors
Terence C. Burnham, David Cesarini, Magnus Johannesson, Paul Lichtenstein, Björn Wallace,