Higher cognitive ability is associated with lower entries in a p-beauty contest

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2009
Volume: 72
Issue: 1
Pages: 171-175

Authors (5)

Burnham, Terence C. (Chapman University) Cesarini, David (not in RePEc) Johannesson, Magnus (Stockholm School of Economics) Lichtenstein, Paul (not in RePEc) Wallace, Björn (not in RePEc)

Score contribution per author:

0.402 = (α=2.01 / 5 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:jeborg:v:72:y:2009:i:1:p:171-175
Journal Field
Theory
Author Count
5
Added to Database
2026-01-25