Loss Avoidance as Selection Principle : Evidence from Simple Stag-Hunt Games

We investigate experimentally the conjecture that loss avoidance solves the tension in stag-hunt games for which payoff dominance and risk dominance make conflicting predictions. Contrary to received textbook wisdom, money-losing outcomes do shift behavior, albeit not strongly, toward the payoff-dominant equilibrium

MoreLess

Year of publication:	2005
Authors:	Rydval, Ondrej ; Ortmann, Andreas
Publisher:	[S.l.] : SSRN

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (17 p)
Series:	CERGE-EI Working Paper ; No.245
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2004 erstellt
Other identifiers:	10.2139/ssrn.849168 [DOI]
Classification:	C72 - Noncooperative Games ; C91 - Laboratory, Individual Behavior ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; D84 - Expectations; Speculations
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014061316