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A characterization of melioration in game theoretic frameworks
Apesteguia, Jose - 2001
The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a …
Persistent link: https://www.econbiz.de/10011539636
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Imitators and optimizers in cournot oligopoly
Schipper, Burkhard (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001828702
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An aspiration adaptation based model of the time of product innovation
Pittnauer, Sabine (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001970211
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Product pricing when demand follows a rule of thumb
Matzke, Christina; Wirth, Benedikt - 2009
We analyze the strategic behavior of firms when demand is determined by a rule of thumb behavior of consumers. We assume consumer dynamics where individual consumers follow simple behavioral decision rules governed by imitation and habit as suggested in consumer research. On this basis, we...
Persistent link: https://www.econbiz.de/10003850650
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Evolution and correlated equilibrium
Koch, Lars Peter (contributor) - 2008
We show that a set of outcomes outside the convex hull of Nash equilibria can be asymptotically stable with respect to convex monotonic evolutionary dynamics. Boundedly rational agents receive signals and condition the choice of strategies on the signals. A set of conditional strategies is...
Persistent link: https://www.econbiz.de/10003782353
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Regulation : theory and concepts
Bös, Dieter - 2001
paper we have accentuated the importance of quality regulation, which is a rather neglected field in the theory of …
Persistent link: https://www.econbiz.de/10011539949
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The two-person Harvard game : an experimental analysis
Apesteguia, Jose - 2001
theory of melioration is to exclusively play A, while the Nash equilibrium is to almost exclusively play B. The predictive …
Persistent link: https://www.econbiz.de/10011539831
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The effect of secondary markets on equity-linked life insurance with surrender guarantees
Hilpert, Christian; Li, Jing; Szimayer, Alexander - 2011
We study the effect of secondary markets on equity-linked life insurance contracts with surrender guarantees. The policyholders are assumed to be boundedly rational in giving up their contracts, and a proportion of policyholders will access the secondary markets instead of surrendering the...
Persistent link: https://www.econbiz.de/10009748251
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Prominent numbers, indices and ratios in exchange rate determination and financial crashes : in Economists' models, in the field and in the laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - 2009
laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …
Persistent link: https://www.econbiz.de/10003867227
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Blowing the whistle
Apesteguia, José (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001828794