| Literature DB >> 31619691 |
Marianna Belloc1, Ennio Bilancini2, Leonardo Boncinelli3, Simone D'Alessandro4.
Abstract
We present an incentivized laboratory experiment where a random sample of individuals playing a series of stag hunt games are forced to make their choices under time constraints, while the rest of the players have no time limits to decide. We find that individuals under the time pressure treatment are more likely to play stag (vs. hare) than individuals in the control group: under time constraints 62.85% of players are stag-hunters as opposed to 52.32% when no time limits are imposed. These results offer the first experimental evidence on the role of intuition and deliberation in strategic situations that entail social coordination. In interpreting our findings, we provide a discussion on ruling social conventions in daily-life interactions.Entities:
Mesh:
Year: 2019 PMID: 31619691 PMCID: PMC6795884 DOI: 10.1038/s41598-019-50556-8
Source DB: PubMed Journal: Sci Rep ISSN: 2045-2322 Impact factor: 4.379
Figure 1The four stag hunt games of the experiment.
Figure 2Average time in seconds for decision (left) and average play of stag (right), in control and time pressure treatments (confidence intervals at 95%). In both cases the two-sample t-test for mean equality rejects the null hypothesis at least at the 5% level of statistical significance.
Main results - OLS Regressions.
| Variable | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
|
| 0.1053 | 0.0996 | 0.1301 | 0.1289 |
| (0.0370) | (0.0364) | (0.0369) | (0.0365) | |
| [0.0525] | [0.0505] | [0.0507] | [0.0505] | |
|
| 0.0976 | 0.0950 | ||
| (0.0379) | (0.0374) | |||
| [0.0522] | [0.0520] | |||
|
| 1.0764 | |||
| (0.2014) | ||||
| [0.1669] | ||||
| R-squared | 0.011 | 0.067 | 0.106 | 0.140 |
| Day Fe | No | Yes | Yes | Yes |
| Session Fe | No | Yes | Yes | Yes |
| Round Fe | No | Yes | Yes | Yes |
| Individual controls | No | No | Yes | Yes |
The number of observations is 711. The dependent variable is stag = 1 if individual i chose stag in round t and =0 otherwise. Individual controls include: gender, post-graduate education, father’s education, mother’s education, CRT scores, REI40 measures, inexperience in game theory and lab experiments, measure of trust in others (see Section B.3 of the SI Appendix for variables’ definitions). Standard errors in round brackets are heteroskedasticity robust, while those in square brackets are clustered at the individual level.