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on Neuroeconomics |
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Issue of 2015‒12‒01
five papers chosen by |
| By: | Nobuyuki Hanaki (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - CNRS); Nicolas Jacquemet (BETA - Bureau d'Economie Théorique et Appliquée - CNRS - Université de Strasbourg - UL - Université de Lorraine, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics); Stéphane Luchini (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - Université Paul Cézanne - Aix-Marseille 3 - Université de la Méditerranée - Aix-Marseille 2 - EHESS - École des hautes études en sciences sociales - CNRS - AMU - Aix-Marseille Université); Adam Zylbersztejn (GATE - Groupe d'analyse et de théorie économique - CNRS - UL2 - Université Lumière - Lyon 2 - Ecole Normale Supérieure Lettres et Sciences Humaines) |
| Abstract: | How is one's cognitive ability related to the way one responds to strategic uncertainty? We address this question by conducting a set of experiments in simple 2 x 2 dominance solvable coordination games. Our experiments involve two main treatments: one in which two human subjects interact, and another in which one human subject interacts with a computer program whose behavior is known. By making the behavior of the computer perfectly predictable, the latter treatment eliminates strategic uncertainty. We find that subjects with higher cognitive ability are more sensitive to strategic uncertainty than those with lower cognitive ability. |
| Keywords: | Strategic Uncertainty, Bounded Rationality, Robot, Experiment |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-01229612&r=neu |
| By: | Klaus Wälde (Johannes-Gutenberg University Mainz and CESifo) |
| Abstract: | Stress is ubiquitous in society. In our model, stressors translate into subjective stress via an appraisal process. Stress reduces instantaneous utility of an individual directly and via a cognitive load argument. Coping can be functional and under the control of the individual or more automatic with dysfunctional features. We predict the occurrence and frequency of uncontrolled coping -emotional outbursts - as a function of an individual's personality and environment. Outbursts cannot always be avoided. Delaying emotional outbursts arti...cially can lead to even more outbursts. Looking at the eect of psychotherapy shows that expecting little and being emotional can help maximizing well-being. |
| Keywords: | Stress, coping, personality, controlled vs. automatic reaction, emotional outbursts, optimal stopping problem |
| JEL: | D03 D91 I12 |
| Date: | 2015–11–20 |
| URL: | http://d.repec.org/n?u=RePEc:jrp:jrpwrp:2015-020&r=neu |
| By: | Brañas-Garza, Pablo; Kujal, Praveen; Lenkei, Balint |
| Abstract: | We report the results of a meta-study of 118 Cognitive Reflection Test studies comprising of 44,558 participants across 21 countries. There is a negative correlation between being female and the overall,and individual, correct answers to CRT questions. Taking the test at the end of an experiment negatively impacts performance. Monetary incentives do not impact performance. Overall students perform better compared to non-student samples. Exposure to CRT over the years may impact outcomes, however, the effect is driven by online studies. We obtain mixed evidence on whether the sequence of questions matters. Finally, we find that computerized tests marginally improve results. |
| Keywords: | CRT, Experiments, Gender, Incentives, Glucose and Cognition. |
| JEL: | Z00 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68049&r=neu |
| By: | L. Becchetti; V. Pelligra; S.F. Taurino |
| Abstract: | We measure satisfaction about experimental outcomes, personal and other participants’ behaviour after a multiperiod ‘hybrid contribution’ multiplayer prisoner’s dilemma (the Vote-with-the-Wallet game). Our work shows that participants who cooperated above median (which we define as strong cooperators) are significantly more satisfied with the game in proportion to their cooperative choice, irrespective of the material pay- off they obtain. On the contrary, their satisfaction for the other players’ behavior is negatively correlated with the extent of their own cooperative behavior and the non-cooperative behavior of the latter. The satisfaction of strong cooperators for their behavior in the game depends in turn on the share of their own cooperative choices. We document that a broader utility function including heterogeneity in expectations on other players’ behavior, other-regarding preferences, and a negative reciprocity argument may account for the combination of the behavioral and self-reported data. |
| Keywords: | Subjective Well-Being, social preferences, Vote-with-the-Wallet, lab experiment |
| JEL: | C72 C92 I31 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:cns:cnscwp:201514&r=neu |
| By: | Noémi Berlin (University of Edinburgh - School of Economics - University of Edinburgh); Jean-Louis Tavani (UP8 - Université Paris 8, Vincennes-Saint-Denis); Maud Beasançon (UP10 - Université Paris 10, Paris Ouest Nanterre La Défense) |
| Abstract: | In this paper, we investigate the link between schooling achievement and creativity scores, controlling for personality traits and other individual characteristics. Our study is based on field data collected in a secondary school situated in a Parisian suburb. Four scores of creativity were measured on 9th graders. Schooling achievement was measured by the test scores obtained by pupils in different subjects. We find that verbal divergent thinking, which is a subtype of creativity, negatively predicts the grades in most subjects, but that graphical integrative thinking is positively correlated with scientific grades.There is no significant correlation with the other measures of creativity, implying a low importance of creativity in school. In line with previous work, we find that conscientiousness and openness are positively associated with grades. Girls have higher grades than boys but do not have a higher probability of passing a national exam. |
| Keywords: | personality traits,Schooling achievement,creativity,eld data |
| Date: | 2015–11–11 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01227497&r=neu |