Showing 1 - 10 of 214
This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...
Persistent link: https://www.econbiz.de/10011316535
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10010603731
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10010369374
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10009754119
The relationship between risk in the environment, risk aversion and inequality aversion is not well understood … with varying degrees of risk (“endowment risk”) influence individual behavior. We derive theoretical predictions for these … games using utility functions that capture additively separable constant relative risk aversion and inequity aversion. We …
Persistent link: https://www.econbiz.de/10011030496
differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply … uncertainty is sufficiently large to exceed a critical level. We find that this critical level of demand uncertainty becomes …
Persistent link: https://www.econbiz.de/10011891023
defense strategy. This paper investigates the attacker's imitative behavior deception under uncertainty, in which the attacker … introduce a new maximin-based algorithm to compute a robust attacker deception decision under uncertainty, given the defender is … deception space as well optimal deception behavior of the attacker against the worst case of uncertainty. Second, we propose a …
Persistent link: https://www.econbiz.de/10014418201
evaluates whether engagement in the sharing economy is associated with an actor's aversion to risk. Using a web-based survey and … a field experiment, we apply an adaptation of Holt and Laury's (2002) risk lottery game to a representative sample of … sharing economy participants. We find that frequency of activity in the sharing economy predicts risk aversion, but only in …
Persistent link: https://www.econbiz.de/10011383921
The relationship between risk in the environment, risk aversion and inequality aversion is not well understood … with varying degrees of risk (“endowment risk”) influence individual behavior. We derive theoretical predictions for these … games using utility functions that capture additively separable constant relative risk aversion and inequity aversion. We …
Persistent link: https://www.econbiz.de/10009754742
assume an exogenous uncertainty affecting the aggregator and we obtain existence results for the stochastic resulting game …
Persistent link: https://www.econbiz.de/10011709200