Similar Search Results

Satisficing and prior-free optimality in price competition : a theoretical and experimental analysis

Güth, Werner (contributor); Levati, M. Vittoria (contributor) - 2008

On a heterogeneous experimental oligopoly market, sellers choose a price, specify a set-valued prior-free conjecture about the others' behavior, and form their own profit-aspiration for each element of their conjecture. We formally define the concepts of satisficing and prior-free optimality and...

Persistent link: https://www.econbiz.de/10003766614

A non-Bayesian approach to (un)bounded rationality

Güth, Werner (contributor) - 2007

Persistent link: https://www.econbiz.de/10003552989

Satisficing in strategic environments : a theoretical approach and experimental evidence

Güth, Werner (contributor); Levati, M. Vittoria (contributor) - 2008

The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic...

Persistent link: https://www.econbiz.de/10003770444

Bargaining and negotiations : what should experimentalists explore more thoroughly?

Güth, Werner - 2011

)bounded rationality ; (non-)cooperative game theory ; bargaining and negotiation (theory and experiments) …

Persistent link: https://www.econbiz.de/10008989998

Dynamic policy analysis

Abbring, Jaap H. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003637508

The impossibility of social choice and the possibilities of individual values : political and philosophical liberalism reconsidered

Güth, Werner (contributor); Kliemt, Hartmut (contributor) - 2008

Though the social choice of social institutions or social results is impossible there is, strictly speaking, no social choice individual evaluations of social institutions or results trivially are possible. Such individual evaluations can be deemed liberal either because they emphasize political...

Persistent link: https://www.econbiz.de/10003765995

Making the world a better place : experimental evidence from the generosity game

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - 2009

We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...

Persistent link: https://www.econbiz.de/10003883008

Evaluating marginal policy changes and the average effect of treatment for individuals at the margin

Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward - 2009

This paper develops methods for evaluating marginal policy changes. We characterize how the effects of marginal policy changes depend on the direction of the policy change, and show that marginal policy effects are fundamentally easier to identify and to estimate than conventional treatment...

Persistent link: https://www.econbiz.de/10003869267

The minority of three-game: an experimental and theoretical analysis

Chmura, Thorsten; Güth, Werner; Pitz, Thomas; … - 2010

straightforward behavior is predicted by Harsanyi and Selten's (1988) equilibrium selection theory as well as alternative solution …

Persistent link: https://www.econbiz.de/10008689027

Sparse models and methods for optimal instruments with an application to eminent domain

Belloni, A.; Chen, D.; Chernozhukov, Victor; Hansen, … - 2010

sample size, n. We rigorously develop asymptotic distribution and inference theory for the resulting IV estimators and … functions which are of independent theoretical and practical interest. Specifically, we develop the asymptotic theory for these … innovatively using moderate deviation theory for self-normalized sums, we provide convergence rates for these estimators that are …

Persistent link: https://www.econbiz.de/10008695561