Showing 1 - 10 of 125
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008791266
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008791715
This paper uses experimental data to examine the existence of a teaching strategy among bounded rational players. If players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this specific end ; and forego immediate payoffs if the...
Persistent link: https://www.econbiz.de/10010750958
environment and the impact of time. We choose a qualitative approach over two cycles of action research. Cycle one, performed via …, over a period of 12 months. This experiment, which took place in Egypt, enabled us to propose a dynamic typology of …
Persistent link: https://www.econbiz.de/10010899757
choice to respondents between two scenarios : one in which they would contribute their time and another in which they would … contribute their money. Results show that people prefer to contribute in time rather than in money. A great majority of people …
Persistent link: https://www.econbiz.de/10010899946
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
inclination to choose one of the actions. Due to influence among players, the final decision of a player, i.e., his choice of one … influence another player with different inclination, and as a result of this influence, the decision of the player is closer to …
Persistent link: https://www.econbiz.de/10010549106
each agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may … the application of differential equations systems to the analysis of the convergence of agents' decisions in long-time. In …
Persistent link: https://www.econbiz.de/10010605336
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be … equations systems to the analysis of the convergence of agents' decisions in long-time. We study the dynamic of some influence …
Persistent link: https://www.econbiz.de/10010898370