This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … behaviour ; decision-making experiments …

theory. Our discussion tries to elaborate the specific institutional aspects of international bargaining with interacting …

theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist …The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … decision making instead of assuming it as exogenously given. In our study we consider a homogeneous market where, like in the …