Smart or selfish - When smart guys finish nice

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This paper examines the relationship between public good game (PGG) contributions and cognitive abilities assessed by the Cognitive Reflection Test (CRT). Employing two additional treatment conditions, the paper explores (i) whether CRT-scores are linked to preferences for cooperation or to a better understanding of the incentive structure; and (ii) the association between CRT-scores and contributions, if choices are elicited under time pressure. A time limit should make it harder for participants to base their choices on cognitive reflection. I find a strong and positive relationship between CRT-scores and contributions in a standard one-shot PGG. This relationship is fully moderated by the presence of time pressure. Thus, features of the decision environment can affect the link between cognitive abilities and PGG contributions. Finally, there is only a weak relationship between CRT-scores and the ability to understand the incentive structure.
Original languageEnglish
JournalJournal of Behavioral and Experimental Economics
Volume64
Pages (from-to)28-40
Number of pages13
ISSN2214-8043
DOIs
Publication statusPublished - 01.10.2016
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2016 Elsevier Inc.

    Research areas

  • Cognitive ability, Confusion, Cooperation, Dual-process theories, Public goods
  • Economics