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online learning algorithm based on regret minimization enabling the agents to forecast the production of renewable energies …
Persistent link: https://www.econbiz.de/10010820977
decision behaviour. The data give credibility to the incorporation of regret in decision-theory that had been proposed by … studies have confirmed the interface between emotion and cognition at which regret is located and documented its role in … economists in the 1980s. However, finer distinctions are required in order to get a better grasp of how regret and behaviour …
Persistent link: https://www.econbiz.de/10008789094
combinations using external and internal regret minimization, show that the convergence of the collaborative learning strategy is …
Persistent link: https://www.econbiz.de/10010899334
The aim of this paper is to provide a detailed analysis of the process of segregation formation. The claim is that segregation does not originate from prejudice or exogenous psychological factors. Rather it is the product of strategic interactions among social groups in a setting where one group...
Persistent link: https://www.econbiz.de/10010750463
relies on unverifiable fair value estimates (e.g., goodwill). From a simple game theory model, we demonstrate that a Big-4 …
Persistent link: https://www.econbiz.de/10010820541
system is a flexible system that requires few hypotheses, has no roots in consumer theory but may be used to test it. We use …
Persistent link: https://www.econbiz.de/10011026086
We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
Persistent link: https://www.econbiz.de/10010933826
To what extent is the observed mis-pricing in experimental asset markets caused by strategic uncertainty (SU) and by individual bounded rationality (IBR)? We address this question by comparing subjects initial price forecasts in two market environments - one with six human traders, and the other...
Persistent link: https://www.econbiz.de/10010933940
We provide experimental evidence of workers' ingratiation by opinion conformity and of managers' discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers' performance at a task and opinions before assigning unequal payoffs. In...
Persistent link: https://www.econbiz.de/10010929091
Vaccination campaigns to prevent the spread of epidemics are successful only if the targeted populations subscribe to the recommendations of health authorities. However, because compulsory vaccination is hardly conceivable in modern democracies, governments need to convince their populations...
Persistent link: https://www.econbiz.de/10010930176