PEPP Seminar (July 13th, 2023): “Cognitive ability and observed behavior in laboratory experiments: implication for macroeconomic theory” by Prof. Nobuyuki Hanaki
2023/07/11
By Prof. Nobuyuki Hanaki (Professor of Economics at Institute of Social and Economic Research, Osaka University)
Date： Thursday, July 13th, 2023
Time：16:45～18:15 (JST)
Venue: 3A308
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.
Full Text: https://link.springer.com/article/10.1007/s42973-019-00018-7
