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Eichberger, Jürgen; Grant, Simon; Lefort, Jean-Philippe - Alfred-Weber-Institut für Sozial- und … - 2009

This paper shows that, for CEU preferences, the axioms consquentialism, state independenceand conditional certainty equivalent consistency under updating characterise a family of capacities,called Genralised Neo-Additive Capacities (GNAC). This family contains as special casesamong others...

Persistent link: https://www.econbiz.de/10005868377

Behavioral Financial Engineering - eine Fallstudie zum Rationalen Entscheiden

Glaser, Markus - 2001

... Diese Fallstudie befasst sich mit der gezielten Entwicklung eines Finanzproduktes für eine bestimmte Kundengruppe des Bankhauses Cogni-Invest. In den Entwicklungsprozess fließen dabei die Wünsche der Kunden ein, die mit Hilfe einer Befragung ermittelt werden

Persistent link: https://www.econbiz.de/10005850487

Multi-Attribute Decision-Makingin Individual and Social Choice

Bossert, Walter; Peters, Hans - University <Nottingham> / Department of Economics - 1998

This paper provides an analysis of individual and social decision criteria foralternatives that are composed of several … attributes. We derive additive and multiplicativecriteria for individual decision-making with new axioms and apply these criteria …

Persistent link: https://www.econbiz.de/10005869346

Vector expected utility and attitudes toward variation

Siniscalchi, Marciano - 2008

This paper proposes a model of decision under ambiguity deemed vector expected utility, or VEU. In this model, an …

Persistent link: https://www.econbiz.de/10010266297

Core and Equilibria under ambiguity

De Castro, Luciano I.; Pesce, Marialaura; Yannelis, … - 2011

This paper introduces new core and Walrasian equilibrium notions for an asymmetric information economy with non-expected utility preferences. We prove existence and incentive compatibility results for the new notions we introduce.

Persistent link: https://www.econbiz.de/10010282910

Aspiration formation and satisficing in isolated and competitive search

Güth, Werner; Martin, Ev; Weiland, Torsten - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We experimentally explore individual and interactive decision making ina sequential search task and test whether …

Persistent link: https://www.econbiz.de/10005866656

I want to know:Willingness to pay for unconditional veto power

Gehrig, Thomas; Güth, Werner; Levinsky, Rene; Uske, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

In the Yes/No game, like in the ultimatum game, proposer and respondercan share a monetary reward. In both games the proposer suggests a rewarddistribution which the responder can accept or reject (yielding 0-payoffs). Thegames only differ in that the responder does (not) learn the suggested...

Persistent link: https://www.econbiz.de/10005866695

Individual or team decision-making –Causes and consequences of self-selection

Kocher, Martin; Strauß, Sabine; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Even though decision-making in small teams is pervasive in business and in private life, littleis known about subjects …’ preferences with respect to individual and team decision-making andabout the consequences of respecting these preferences. We … decision-making. About 60% of subjects prefer to act in a team, and teams win thegame significantly more often than individuals …

Persistent link: https://www.econbiz.de/10005866770

Are four heads better than two?An experimental beauty-contest game with teams of different size

Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

We examine the influence of team size on decision making in a beauty-contest experiment.Teams with four members … outperform teams with two members and single personssignificantly, whereas the latter two types of decision makers do not differ. …

Persistent link: https://www.econbiz.de/10005866817

The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions … findings suggest that groups are not smarter decision makers per se, but that they learn faster than individuals. When …

Persistent link: https://www.econbiz.de/10005866848