Dualism of rationality: evidence from a new guessing game
- Rationality is a widely accepted assumption in psychology and economics, but there is limited understanding of its elements. This study uses an experimental methodology, the beauty contest game, and extends it to a newly designed cheating contest game to distinguish rationality into optimality and consistency. The experiment consists of seven rounds. We include N = 52 participants. The results show that (1) human rationality is comprised of optimality and consistency, and (2) optimality is the dominant notion. In conclusion, we observe a dualism of rationality. This study provides insight into the elements of rationality and can guide future research in psychology and economic sciences.
| Author of HS Reutlingen | Herzog, Bodo |
|---|---|
| URN: | urn:nbn:de:bsz:rt2-opus4-58522 |
| DOI: | https://doi.org/10.1007/s12646-025-00839-0 |
| ISSN: | 0033-2968 |
| Erschienen in: | Psychological Studies |
| Publisher: | Springer |
| Place of publication: | Neu Delhi |
| Document Type: | Journal article |
| Language: | English |
| Publication year: | 2025 |
| Volume: | 70 |
| Issue: | 2 |
| Page Number: | 7 |
| First Page: | 342 |
| Last Page: | 348 |
| DDC classes: | 150 Psychologie |
| Open access?: | Ja |
| Licence (German): |  Creative Commons - CC BY - Namensnennung 4.0 International |
