Arbeitspapier
Cognitive Skills and the Development of Strategic Sophistication
In this paper we investigate how observable cognitive skills influence the development of strategic sophistication. To answer this question, we study experimentally how psychometric measures of theory-of-mind and cognitive ability (or 'fluid intelligence') work together with age to determine the strategic ability and level-k behavior of children in a variety of incentivized strategic interactions. We find that better theory-of-mind and cognitive ability predict strategic sophistication in competitive games. Furthermore, age and cognitive ability act in tandem as complements, while age and theory-of-mind operate independently. Older children respond to information about the cognitive ability of their opponent, which provides support for the emergence of a sophisticated strategic theory-of-mind. Finally, theory-of-mind and age strongly predict whether children respond to intentions in a gift-exchange game, while cognitive ability has no influence, suggesting that different psychometric measures of cognitive skill correspond to different cognitive processes in strategic situations that involve the understanding of intentions.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 11326
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Human Capital; Skills; Occupational Choice; Labor Productivity
- Thema
-
cognitive skills
theory-of-mind
cognitive ability
fluid intelligence
strategic sophistication
age
children
experiment
level-k
bounded rationality
non-equilibrium thinking
intentions
gift-exchange game
competitive game
strategic game
strategic interaction
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fe, Eduardo
Gill, David
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fe, Eduardo
- Gill, David
- Institute of Labor Economics (IZA)
Entstanden
- 2018
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