The stock price clustering phenomenon has been studied in the context of numerical perception and response. The numerical response process of the theory of prominence models how persons generate numerical responses if they have diffuse numerical information (know a range of reasonable...

The selection between Pareto-optimal outcomes in two-person bargaining with the right to make a proposal and without this right are considered. Concepts for the selection without the right to make a proposal are the Nash criterion, the Kalai-Smorodinsky criterion, the egalitarian solution, the...

For an axiomatic approach to a special solution of the Nash-bargaining problem we use a weakened form of invariance of the solution under affine linear transformations of utility which is motivated by behavioural studies on bounded rationality. Besides standard axioms a new compensation axiom is...