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Can strategic thinking be taught or is it a matter of cognitive ability and personality -An experimental study

Sirva, Verneri LU (2021) NEKP01 20211
Department 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:
author
Sirva, Verneri LU
supervisor
organization
course
NEKP01 20211
year
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}},
}