|
on Sports and Economics |
Issue of 2010‒06‒11
one paper chosen by Joao Carlos Correia Leitao University of Beira Interior and Technical University of Lisbon |
By: | Christoph Bühren (University of Kassel); Björn Frank (University of Kassel) |
Abstract: | In a beauty contest experiment with over 6,000 chess players, ranked from amateur to world class, we found that Grandmasters act very similar to other humans. This even holds true when they play exclusively against players of approximately their own strength. In line with psychological research on chess players' thinking, we argue that they are not more rational in a game theoretic sense per se. Their skills are rather specific for their game. |
Keywords: | chess, beauty contest, cognitive transfer |
JEL: | C93 C72 |
Date: | 2010 |
URL: | http://d.repec.org/n?u=RePEc:mar:magkse:201019&r=spo |