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A note on the E-mail game : bounded rationality and induction
Dulleck, Uwe - 1997
In Rubinstein's (1989) E-mail game there exists no Nash equilibrium where players use strategies that condition on the E-mail communication. In this paper I restrict the utilizable information for one player. I show that in contrast to Rubinstein's result, in a payoff dominant Nash equilibrium...
Persistent link: https://www.econbiz.de/10009657893
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Robust learning experiments : evidence for learning and deliberation
Güth, Werner - 2000
Robust learning experiments confront participants with structurally different decision environments which they encounter, furthermore, repeatedly. Since the decision format does not depend on the rules (of game), forward looking deliberation (the shadow of the future) can be detected by...
Persistent link: https://www.econbiz.de/10009612041
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From full to bounded rationality : the limits of unlimited rationality
Güth, Werner; Kliemt, Hartmut - 2001
of boundedly rational individuals. In view of such a causal role of theories we discuss how advice of a theory of …
Persistent link: https://www.econbiz.de/10009612562
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How ultimatum offers emerge : a study in bounded rationality
Güth, Werner - 2000
The general framework of decision emergence (Güth, 2000a) is applied to the specific decision task of a proposer in ultimatum bargaining, i.e. to choosing how much the responder should be offered. For this purpose the "Master Module" as well as its submodules "New Problem Solver", "Adaptation...
Persistent link: https://www.econbiz.de/10009583892
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Framing effects on asset markets : an experimental analysis
Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - 2001
In this paper we investigate four hypotheses which are inconsistent with expected utility theory, but may well be … explained by prospect theory. It deals with framing, the non-linearity of subjective probabilities, the disposition effect, and …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing …
Persistent link: https://www.econbiz.de/10009613618
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Why the rich are nastier than the poor : a note on optimal punishment
Huck, Steffen; Müller, Wieland - 1998
Studying evolutionarily successful behavior we show in a general framework that when individuals maximizing payoff differentials invest resources in punishing others. Interestingly, these investments are increasing in individuals, own wealth and decreasing in the wealth of others.
Persistent link: https://www.econbiz.de/10009574881
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The relevance of equal splits : on a behavioral discontinuity in ultimatum games
Güth, Werner; Huck, Steffen; Müller, Wieland - 1998
The findings on the ultimatum game are considered as belonging to the most robust experimental results. In this paper we present a slightly altered version of the mini ultimatum game of Bolton and Zwick (1995). Whereas in the latter exactly equal splits were feasible in our games these were...
Persistent link: https://www.econbiz.de/10009574884
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Evolutionary dynamics on infinite strategy spaces
Oechssler, Joerg; Riedel, Frank - 1998
. Finally, we apply this general theory to a number of applications like the Nash demand game, the War of Attrition, Cournot and …
Persistent link: https://www.econbiz.de/10009578001
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Species survival and evolutionary stability in sustainable habitats : the concept of ecological stability
Aumann, Robert J.; Güth, Werner - 1998 - Rev.
(geno-) types as in evolutionary biology and game theory. Survival in inter- and intraspecies competition together with …
Persistent link: https://www.econbiz.de/10009578002
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Scale economies and the dynamics of recurring auctions
Jeitschko, Thomas D.; Wolfstetter, Elmar - 1998
We analyze the dynamics of a game of sequential bidding in the presence of stochastic scale effects in the form of stochastic economies or diseconomies of scale. We show that economies give rise to declining expected equilibrium prices, whereas the converse is not generally true. Moreover,...
Persistent link: https://www.econbiz.de/10009578006