's messages. This confirms ``truth bias'' reported in communication theory in a one-shot, anonymous environment without nonverbal … under certain conditions. We claim that the theory for the evolution of language should address why truthful communication …

the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a …

explained. Adding to a system with initial behavior heterogeneity an adaptive learning rule based on discrete choice theory, one …

innovation projects. There is heterogeneity in terms of risk associated to research programs (researchers invest in projects with …

The paper provides an brief overview of the “state of the art” in the theory of rational decision making since the 1950 … normative interpretation of decision-making theory is therefore questioned, and the two challenging views against this approach … , Simon’s bounded rationality and Allais’ criticism to expected utility theory are discussed. On this ground it is shown that …

. Automated buyers are similar. Across experiment sessions we vary the exponential distribution parameters of automated sellers … profile of types present in each experiment session. This econometric model demonstrates that (1) human buyers outperform …