Showing 1 - 10 of 119
Social memory plays a pivotal role in social behaviors, from mating behaviors to cooperative behaviors based on reciprocal altruism. More specifically, social/person recognition memory is supposed, by behavioral-economic and game-theoretic analysis, to be required for tit- for-tat like...
Persistent link: https://www.econbiz.de/10005408231
brand choice immediately when the decision is computed in the test person’s brain. In a neuroscientific experiment test …
Persistent link: https://www.econbiz.de/10005125573
Economic theories of rational addiction aim to describe consumer behavior in the presence of habit-forming goods. We provide a biological foundation for this body of work by formally specifying conditions under which it is optimal to form a habit. We demonstrate the empirical validity of our...
Persistent link: https://www.econbiz.de/10005135026
in the gambling experiment (Bechara, Damasio, Damasio and Anderson, 1994). An advantage of our classification approach is …
Persistent link: https://www.econbiz.de/10005062723
optimal investment strategy of a rational risk- neutral agent as risk-seeking mistakes and risk-aversion mistakes. Nucleus … accumbens activation preceded risky choices as well as risk- seeking mistakes, while anterior insula activation preceded … riskless choices as well as risk-aversion mistakes. These findings suggest that distinct neural circuits linked to anticipatory …
Persistent link: https://www.econbiz.de/10005556666
The traditional view in economics is that individuals respond to incentives, but absent strong incentives to the contrary selfishness prevails. Moreover, this “greed is good” approach is deemed “rational” behavior. Nevertheless, in daily interactions and in numerous laboratory studies, a...
Persistent link: https://www.econbiz.de/10005556689
The paper discusses the relation between experimental economics and the cognitive approach, after having outlined the chief characteristics of the major lines of research in both areas, also with reference to the historical development and to methodological issues. Then the attention is focused...
Persistent link: https://www.econbiz.de/10005076658
experiment sessions fit the Geometric Mean model better than the Hahn process, and in addition, the Geometric Mean model provides …
Persistent link: https://www.econbiz.de/10005077054
experiments. These automata play against each other in computer tournaments. The risk neutral subgame perfect Nash equilibrium …
Persistent link: https://www.econbiz.de/10005124959
measures? An experiment on a nationally representative sample of over 1200 Americans provides an answer. Respondents are …
Persistent link: https://www.econbiz.de/10005125560