This paper analyzes cognitive effort in 6 different one-shot p-beauty games. We use both Raven and Cognitive Reáection tests to identify subjects' abilities. We find that the Raven test does not provide any insight on beauty contest game playing but CRT does: subjects with higher scores on this test are more prone to play dominant strategies.
Brañas-Garza, P. and GarcÌa-Muñoz, T (2011). Cognitiveeffort in the beauty contest game. ESI Working Paper 11-08. Retrieved from http://digitalcommons.chapman.edu/esi_working_papers/100