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Grade expectations : rationality and overconfidence
Magnus, Jan R.; Peresetsky, Anatoly A. - 2017
and each student produces a forecast for each of the three exams. Students' expectations are not rational and most of … their expectations more rapidly. …
Persistent link: https://www.econbiz.de/10011688320
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What Simon says
Heukelom, Floris - 2006
This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own …’s research is how human beings organize themselves in different structures of distributed decision making in order to achieve a … degree of rationality that is higher than which can be attained by the individual. In this realm his main preoccupation are …
Persistent link: https://www.econbiz.de/10011350370
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Consistent estimation of structural parameters in regression models with adaptive learning
Christopeit, Norbert; Massmann, Michael - 2010
Persistent link: https://www.econbiz.de/10008736921
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The rationality behind immigration preferences
Dalen, Hendrik P. van; Henkens, Kène - 2003
What drives stated preferences about the number of foreigners? Is it self-interest as stressed by the political economy of immigration? Does social interaction affect this preference or is the immigration preference completely in line with the preference for the aggregate population size? In...
Persistent link: https://www.econbiz.de/10011334329
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A theory of procedurally rational choice: optimization without evaluation
Ficco, Stefano; Karamychev, Vladimir A.; Reeven, Peran … - 2006
Persistent link: https://www.econbiz.de/10003248028
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Heterogeneous agent models in economics and finance
Hommes, Cars H. - 2005
This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
Persistent link: https://www.econbiz.de/10011343261
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What Simon says
Heukelom, Floris - 2007
Persistent link: https://www.econbiz.de/10003408827
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On finding curb sets in extensive games
Pruzhansky, Vitaly - 2003
We characterize strategy sets that are closed under rational behavior (curb) in extensive games of perfect information and finite horizon. It is shown that any such game possesses only one minimal curb set, which necessarily includes all its subgame perfect Nash equilibria. Applications of this...
Persistent link: https://www.econbiz.de/10011334337
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A discussion of maximin
Pruzhansky, Vitaly - 2004
This paper builds on one of the results of Pruzhansky [22], namely that maximin strategies guarantee the same expected payoffs as mixed Nash equilibrium strategies in bimatrix games. We present a discussion on the applicability of maximin strategies in such class of games. The usefulness of...
Persistent link: https://www.econbiz.de/10011334836
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A theory of procedurally rational choice : optimization without evaluation
Ficco, Stefano; Karamychev, Vladimir A.; Reeven, Peran … - 2005
This paper analyses the behavior of an individual who wants to maximize his utility function, but he is not able to evaluate it. There are many ways to choose a single alternative from a given set. We show that a unique utility maximizing procedure exists. Choices induced by this optimal...
Persistent link: https://www.econbiz.de/10011348351