English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 91913/122132 (75%)
Visitors : 25722546      Online Users : 82
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/50680

    Title: On the beauty-contest experiments:Is intelligence relevant
    Authors: 陳樹衡
    Chen, Shu-Heng;Yang, Lee-Xieng;Du, Ye-Rong
    Contributors: 政治大學經濟系
    Date: 2009-10
    Issue Date: 2011-07-28 11:50:11 (UTC+8)
    Publisher: LIFE&BRAIN Center
    Abstract: The Keynes' famous beauty contest has been carried out in economics laboratory as a way to demonstrate the inapplicability of the homogeneous rational expectations hypothesis and to manifest the relevance of bounded rationality. The resultant beauty contest experiments have motivated some recent progresses in cognitive economics, such as Crawford's level-k reasoning, Camerer's cognitive hierarchies to economics. In this experiment, subjects' intelligence may be characterized by their depth of reasoning, for example, the parameter "k" in the level-k reasoning, and presumably the advantage goes to the one with the highest "k". Nonetheless, a puzzle immediately arises when the beauty contest is formed as an infinite-regress problem, which is in general not solvable. Hence, in light of this infinite-regress undecidability, whether more intelligent subjects can take advantage of less intelligent ones in this contest become an empirical issue, which can only be solved by conducting experiments. This defines the purpose of this paper. This paper will present beauty contest experiments with subjects of different intelligence. By understanding the difficulties arising from measuring intelligence, this paper considers the measures based on the Raven's Progressive Matrices, working memory capacity, Fredrick's cognitive reflection and Machiavellian intelligence. We find that subjects reasoning in line with dominance are higher on cognitive ability, as measured by working memory task, Raven's SPM+ and Fredrick's cognitive reflection test. We also demonstrate that cognitive ability leads to better performance measured by guessing differences. Profit, another measure of performance, depends on whom you compete in the games
    Relation: NeuroPsychoEconomics Conference Proceedings. 2009, p29-29. 1p.
    Data Type: conference
    Appears in Collections:[經濟學系] 會議論文

    Files in This Item:

    File Description SizeFormat
    29.pdf14KbAdobe PDF474View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback