Can strategic thinking be taught or is it a matter of cognitive ability and personality -An experimental study
(2021) NEKP01 20211Department of Economics
- Abstract
- Can strategic thinking be taught? Randomized experiments were organized to estimate the effect of information nudge on strategic decisions. The information nudge consisted of seeing a short text and a picture with an explanation related to game theory. Test subjects played two games: a p-beauty contest game and a variable-sum game. The main finding was surprising; the treatment was related to answering significantly higher numbers in the p-beauty contest game independent of cognitive ability, personality, and background characteristics. This implies that the information nudge had a negative effect on decisions. The explanation for the finding may be the new information decreasing the test subjects' self-confidence, causing worse decisions... (More)
- Can strategic thinking be taught? Randomized experiments were organized to estimate the effect of information nudge on strategic decisions. The information nudge consisted of seeing a short text and a picture with an explanation related to game theory. Test subjects played two games: a p-beauty contest game and a variable-sum game. The main finding was surprising; the treatment was related to answering significantly higher numbers in the p-beauty contest game independent of cognitive ability, personality, and background characteristics. This implies that the information nudge had a negative effect on decisions. The explanation for the finding may be the new information decreasing the test subjects' self-confidence, causing worse decisions (Zheng et al. 2020). (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9064877
- author
- Sirva, Verneri LU
- supervisor
-
- Jerker Holm LU
- organization
- course
- NEKP01 20211
- year
- 2021
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- behavioral economics, game theory, experiment, strategic decision-making, learning
- language
- English
- id
- 9064877
- date added to LUP
- 2021-10-14 10:05:11
- date last changed
- 2021-10-14 10:05:11
@misc{9064877, abstract = {{Can strategic thinking be taught? Randomized experiments were organized to estimate the effect of information nudge on strategic decisions. The information nudge consisted of seeing a short text and a picture with an explanation related to game theory. Test subjects played two games: a p-beauty contest game and a variable-sum game. The main finding was surprising; the treatment was related to answering significantly higher numbers in the p-beauty contest game independent of cognitive ability, personality, and background characteristics. This implies that the information nudge had a negative effect on decisions. The explanation for the finding may be the new information decreasing the test subjects' self-confidence, causing worse decisions (Zheng et al. 2020).}}, author = {{Sirva, Verneri}}, language = {{eng}}, note = {{Student Paper}}, title = {{Can strategic thinking be taught or is it a matter of cognitive ability and personality -An experimental study}}, year = {{2021}}, }