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Do repeated game players detect patterns in opponents? Revisiting the Nyarko & Schotter belief elicitation experiment
Spiliopoulos, Leonidas - Volkswirtschaftliche Fakultät, … - 2008
The purpose of this paper is to reexamine the seminal belief elicitation experiment by Nyarko and Schotter (2002) under the prism of pattern recognition. Instead of modeling elicited beliefs by a standard weighted fictitious play model this paper proposes a generalized variant of fictitious...
Persistent link: https://www.econbiz.de/10005011947
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Applying relevant ethical theories to equality
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2012
Nelson Mandela said, “During my lifetime I have dedicated myself to this struggle of the African people. I have fought against White domination, and I have fought against Black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony...
Persistent link: https://www.econbiz.de/10011259042
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Rationality and choices in economics: behavioral and evolutionary approaches
Graziano, Mario; Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2012
The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … single and undifferentiated thought, locked into the idea of perfect rationality, but, on the opposite, is a discipline that …
Persistent link: https://www.econbiz.de/10009418485
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Od człowieka racjonalnego do emocjonalnego. Zmiana paradygmatu nauk ekonomicznych
Wach, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010
The paper discusses the concept of an economic man in economics and management. The concept of “homo oeconomicus” assumes the full rational behaviour of a deciding man and was applied in classical and neoclassical theories. Based on resent findings of the neuronal, cognitive and behavioural...
Persistent link: https://www.econbiz.de/10009147885
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Inconsistency Pays?: Time-inconsistent subjects and EU violators earn more
Berg, Nathan; Eckel, Catherine; Johnson, Cathleen - Volkswirtschaftliche Fakultät, … - 2010
Experimental choice data from 881 subjects based on 40 time-tradeoff items and 32 risky choice items reveal that most subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be explained by well-known theories of behavioral...
Persistent link: https://www.econbiz.de/10008693573
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Soft Paternalism and Nudging - Critique of the Behavioral Foundations
Pasche, Markus - Volkswirtschaftliche Fakultät, … - 2014
This brief note rises doubts on the argument that nudging will help people to behave more rational in terms of their own preferences. This justification of soft paternalism overlooks some methodological problems of expected utility theory which are one of the roots of behavioral economics.
Persistent link: https://www.econbiz.de/10011109175
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From Rationality to Irrationality : Dynamic Interacting Structures
Gosselin, Pierre; Lotz, Aïleen; Wambst, Marc - Volkswirtschaftliche Fakultät, … - 2015
This article develops a general method to solve dynamic models of interactions between multiple strategic agents that extends the static model studied previously by the authors. It describes a general model of several interacting agents, their domination relations as well as a graph encoding...
Persistent link: https://www.econbiz.de/10011170147
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An Experiment on Intercultural Tacit Coordination - Preliminary Report
Abitbol, Pablo - Volkswirtschaftliche Fakultät, … - 2009
through experimental research, shows how it has been explained, particularly in terms of culture, and relates that kind of …
Persistent link: https://www.econbiz.de/10008550571
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When Can Politicians Scare Citizens Into Supporting Bad Policies? A Theory of Incentives with Fear-Based Content
Lupia, Arthur; Menning, Jesse - Volkswirtschaftliche Fakultät, … - 2005
Analysts make competing claims about when and how politicians can use fear to gain support for suboptimal policies. Using a model, we clarify how common attributes of fear affect politicians’ abilities to achieve self-serving outcomes that are bad for voters. In it, a politician provides...
Persistent link: https://www.econbiz.de/10005836312
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Humans versus computer algorithms in repeated mixed strategy games
Spiliopoulos, Leonidas - Volkswirtschaftliche Fakultät, … - 2008
This paper is concerned with the modeling of strategic change in humans’ behavior when facing different types of opponents. In order to implement this efficiently a mixed experimental setup was used where subjects played a game with a unique mixed strategy Nash equilibrium for 100 rounds...
Persistent link: https://www.econbiz.de/10005789888