CeDEx
Centre for Decision Research and Experimental Economics

CeDEx Seminar - Umberto Garfagnini (University of Surrey)

Location
A40 Sir Clive Granger Building
Date(s)
Wednesday 15th November 2023 (13:00-14:00)
Description

Cognitive ability and Perceived Disagreement in Learning

Do agents believe to be agreeing more with others in the long-run? This paper investigates how cognitive abilities affect disagreement in a sequential belief updating experiment with public draws from an urn. We document a persistent gap in the perception of disagreement as a function of cognitive ability. Higher cognitive ability is associated with less perceived disagreement, although the average subject underestimates the extent of actual disagreement. Information about a partner's cognitive ability affects perceived disagreement only when the partner is less cognitively able. We link our findings to overconfidence and projection of own cognitive abilities onto others.

 

Centre for Decision Research and Experimental Economics

Sir Clive Granger Building
University of Nottingham
University Park
Nottingham, NG7 2RD

telephone: +44 (0)115 951 5458
Enquiries: jose.guinotsaporta@nottingham.ac.uk
Experiments: cedex@nottingham.ac.uk