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(Un)bounded rationality in decision making and game theory : back to square one?

Güth, Werner; Kliemt, Hartmut - In: Games 1 (2010) 1, pp. 53-65

Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented … modeling, as outlined here, is far from being a “global” theory with empirical content; rather it serves as a tool to formulate …

Persistent link: https://www.econbiz.de/10009751382

(Un)bounded rationality in decision making and game theory: Back to square one?

Güth, Werner; Kliemt, Hartmut - In: Games 1 (2010) 1, pp. 53-65

Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented … modeling, as outlined here, is far from being a 'global' theory with empirical content; rather it serves as a tool to formulate …

Persistent link: https://www.econbiz.de/10010369416

(Un)Bounded Rationality in Decision Making and Game Theory – Back to Square One?

Güth, Werner; Kliemt, Hartmut - In: Games 1 (2010) 1, pp. 53-65

Persistent link: https://www.econbiz.de/10008682985

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

Chmura, Thorsten; Güth, Werner - In: Games 2 (2011) 3, pp. 333-354

We report experimental results on the minority of three-game, where three players choose one of two alternatives and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies that are non-strict and...

Persistent link: https://www.econbiz.de/10009752419