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Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
Persistent link: https://www.econbiz.de/10011384070
methodologies for understanding decision-making under pressure. In the non-transitive game rock, paper, scissors (RPS), the only … behavior is thought to be outside bounded rationality and so decision-making can become deterministic, predictable, and … cognition literatures, and provides a taxonomy of RPS strategy. RPS strategies are discussed in terms of (a) whether the …
Persistent link: https://www.econbiz.de/10012062319
Can differences in cognitive reflection explain other-regarding behavior? To test this, I use the three-item Cognitive Reflection Task to classify individuals as intuitive or reflective and correlate this measure with choices in three games that each subject participates in. The main sample...
Persistent link: https://www.econbiz.de/10012431890
The confirmation bias, unlike other decision biases, has been shown both empirically and in theory to be enhanced with …
Persistent link: https://www.econbiz.de/10012432420
present research showed that trait EI is related to risk taking through the decision makers’ self-motivation. These results … provide novel insights into research investigating the connections between emotional intelligence, decision science and …
Persistent link: https://www.econbiz.de/10011550496
We study a model where agents face a continuum of two-player games and categorize them into a finite number of situations to make sense of their complex environment. Agents need not share the same categorization. Each agent can cooperate or defect, conditional on the perceived category. The...
Persistent link: https://www.econbiz.de/10012015737
default of a loan application. The lender is motivated to invest cognitive resources before making a lending decision. If the …-lending cognition increases with the default probability, as the default probability is small and decreases thereafter. Evidence from a …
Persistent link: https://www.econbiz.de/10014422638
beliefs of sophisticated decision makers rather than naïve decision-making. …
Persistent link: https://www.econbiz.de/10013252749
We introduce a dynamic model of emotional behavior regulation that can generalize to a wide range of decision dilemmas …. Dilemmas are characterized by availability of mutually exclusive goals that a decision maker is dually motivated to pursue. In … observed between so-called “preferences” revealed in repeated decision dilemmas (e.g., by choosing A over B at time 1, then …
Persistent link: https://www.econbiz.de/10011708855
explained by avoiding cognitive dissonance as in Konow (2000). Our experiment’s choice data is in line with this approach. In …
Persistent link: https://www.econbiz.de/10009752432