Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory

Hanaki, Nobuyuki

The Japanese Economic Review, 2019, 71, 355-378

Number of Access:332（2025-11-03 17:14 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/11094/89939

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Title
Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory
Creator
NRID
1000070400611 1000070400611
ORCID
0000-0003-3127-690X 0000-0003-3127-690X
researchmap permalink
nhanaki nhanaki
Scopus Author ID
16233221700 16233221700
CreatorName
Hanaki, Nobuyuki
Subject
Cognitive ability
Laboratory experiments
Strategic environment effect
Description
This version of the article has been accepted for publication, after peer review and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: https://doi.org/10.1007/s42973-019-00018-7
Abstract
This paper discusses the relationships between the “measured” cognitive ability of participants and their behavior as observed during laboratory experiments. Based on such relationships, macroeconomic implications of micro-level “boundedly rational” individual behavior will be discussed. The paper also addresses potential problems that arise when insufficient attention is paid to large differences in the measured cognitive ability of participants across several experimental laboratories, influencing the replicability of existing experimental results but also the interpretation of results from cross-country experimental analyses, and proposes to complement participants’ database with individual characteristics.
Publisher
Springer
Source Title
The Japanese Economic Review
Volume (Issue)
71
Page
355-378
Date of Issued
2019-12-06
Language
English
Handle URL
https://hdl.handle.net/11094/89939
PISSN
13524739
eISSN
14685876
NCID
AA11037573
Relation.isVersionOf
DOI (Publisher Version)
https://doi.org/10.1007/s42973-019-00018-7
Access Rights
open access
oaire:version
Accepted Manuscript
Category
学術雑誌論文 Journal Article