%0 Report
        %A Czermak, Simon
%A Feri, Francesco
%A Glätzle-Rützler, Daniela
%A Sutter, Matthias
        %T Strategic Sophistication of Adolescents: Evidence from Experimental Normal-Form Games
        %D 2010
        %8 2010 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 5049
        %U https://www.iza.org/publications/dp5049
        %X We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy and equilibrium payoffs are not too unequal. Using a mixture model we can estimate for each subject the probability to be any of eight different strategic and non-strategic types. The econometric estimation reveals that older subjects are more likely to eliminate dominated strategies, and that subjects with good math grades are more strategic.
        %K strategic thinking
%K beliefs
%K experiment
%K age
%K adolescents