altruism. The question we address in this experimental study is how B reacts to the intentions of A. We vary the probability …

' beliefs. Various proposals connected with the concept of mixed strategy Nash equilibrium do not match this description. On the … other hand minimax regret obeys all the axioms. Therefore we use minimax regret to approximate players' beliefs and we let … players best respond to these conjectured beliefs. When compared with existing experimental evidences about one shot matching …

of extremely low probability and treat extremely high probability events as certain. Decision models, such as rank … dependent utility (RDU) and cumulative prospect theory (CP), use probability weighting functions. Existing probability weighting … presence of fixed costs and actuarially unfair premiums, to insure fully against losses of sufficiently low probability. This …