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Strategic Thinking Skills: A Key to Collective Economic Success

Syngjoo Choi et al.

American Economic Journal: Microeconomics2025https://doi.org/10.1257/mic.20220259article
AJG 3ABDC A*
Weight
0.43

Abstract

We conduct a large-scale experiment to measure elementary aspects of strategic thinking skills and their linkage to labor market outcomes. Two incentivized measures of higher-order rationality and backward induction are developed. Males’ (females’) strategic thinking skills are positively (negatively) associated with individual labor income. However, among married individuals, strategic thinking skills are significantly and positively associated with their household labor income regardless of gender, highlighting the importance of strategic thinking skills for collective economic success. We argue that the intrahousehold channels encompassing collective labor supply with home-to-workplace spillover and marriage assortative matching offer the most plausible explanation for our findings. (JEL D91, J16, J22, J24, J31)

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https://doi.org/https://doi.org/10.1257/mic.20220259

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@article{syngjoo2025,
  title        = {{Strategic Thinking Skills: A Key to Collective Economic Success}},
  author       = {Syngjoo Choi et al.},
  journal      = {American Economic Journal: Microeconomics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1257/mic.20220259},
}

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Strategic Thinking Skills: A Key to Collective Economic Success

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Evidence weight

0.43

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.