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When Rationality and Fairness Conflict : The Role of Cognitive-Control in the Ultimatum Game

Halali, Eliran; Bereby-Meyer, Yoella; Meiran, Nachshon - 2011

The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...

Persistent link: https://www.econbiz.de/10014181014

An Epistemic Characterization of Extensive Form Rationalizability

Battigalli, Pierpaolo; Siniscalchi, Marciano - 2011

common certainty of rationality …

Persistent link: https://www.econbiz.de/10014196029

Nudging Students Forward Towards Backward Induction

Dasgupta, Utteeyo - 2011

This paper uses variations in a popular parlor game to provide useful instructional benefits. The paper builds a classroom activity to nudge students towards thinking in a backward-inductive manner. The pedagogic innovation is in introducing the game repeatedly with progressively smaller action...

Persistent link: https://www.econbiz.de/10013132867

Suckers, Punters, Pathbreakers : When Homo Oeconomicus is Selflessly Selfish

de Jasay, Anthony - 2013

Rational choice presupposes that people do what they like better than any available alternative. If, however, we mistrust what they declare to like or what psychology is supposed to tell us about it (a pardonable enough mistrust), we can only infer what they like from observing what they do. We...

Persistent link: https://www.econbiz.de/10013083144

Rationality behind Solution Concept

Song, Xihao - 2023

Theoretically, this work relaxes the rationality behind IESDS in the normal-form game and Backward Induction in the … extensive-form game, namely common p-believe in rationality in the normal-form game and common p-belief in the opponent’s future … rationality in the extensive-form game. Exper- imentally, this work uses the experimental data from Masaki, Guillaume, and Sevgi …

Persistent link: https://www.econbiz.de/10014357433

Interim correlated rationalizability

Dekel-Tabak, Eddie; Fudenberg, Drew; Morris, Stephen - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 1, pp. 15-40

characterizes common certainty of rationality in the universal type space. …

Persistent link: https://www.econbiz.de/10011702628

Social conformity in games with many players

Wooders, Myrna Holtz; Cartwright, Edward; Selten, Reinhard - 2003

In the literature of psychology and economics it is frequently observed that individuals tend to imitate similar individuals. A fundamental question is whether the outcome of such imitation can be consistent with self-interested behaviour. We propose that this consistency requires the existence...

Persistent link: https://www.econbiz.de/10011593822

Rationalizability and Nash Equilibria in Guessing Games

Seel, Christian - 2017

Games in which players aim to guess a fraction or multiple p of the average guess are known as guessing games or (p-)beauty contests. In this note, we derive a full characterization of the set of rationalizable strategies and the set of pure strategy Nash equilibria for such games as a function...

Persistent link: https://www.econbiz.de/10012962808

Counterfactuals in Wonderland

Samet, Dov - 1998

The literary source of the main ideas in Aumann's article "Backward Induction and Common Knowledge of Rationality" is …

Persistent link: https://www.econbiz.de/10014088854

A Game Theoretic Model for Determining When Baseball Arbitration Creates the Proper Incentives for Litigants

Habbu, Aditya (Adi); Buonaguro, Paul V. - 2011

This paper creates a game theoretic model to determine how pendulum arbitration or baseball arbitration impacts the incentives of litigants. Pendulum arbitration is when both parties submit competing proposals and the arbitrator chooses only one of the bids, in its entirety, to be binding on...

Persistent link: https://www.econbiz.de/10014043074