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Does bargaining matter in the small firm matching model?
L'Haridon, Olivier; Malherbet, Franck; Pérez-Duarte, … - 2010
search-matching economies. Second, our results show that even though the traditional results of bargaining theory apply in …
Persistent link: https://www.econbiz.de/10010274621
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Cognitive Skills and the Development of Strategic Sophistication
Fe, Eduardo; Gill, David - 2018
answer this question, we study experimentally how psychometric measures of theory-of-mind and cognitive ability (or 'fluid … incentivized strategic interactions. We find that better theory-of-mind and cognitive ability predict strategic sophistication in … competitive games. Furthermore, age and cognitive ability act in tandem as complements, while age and theory-of-mind operate …
Persistent link: https://www.econbiz.de/10011816598
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Cognitive Skills, Strategic Sophistication, and Life Outcomes
Fe, Eduardo; Gill, David; Prowse, Victoria L. - 2020
emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven … hundred children in a variety of strategic interactions. First, we find that theory-of-mind ability and cognitive ability both … provides support for the emergence of a sophisticated strategic theory-of-mind. Third, theory-of-mind and age strongly predict …
Persistent link: https://www.econbiz.de/10012497802
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Comparing Students to Workers : The Effects of Social Framing on Behavior in Distribution Games
Carpenter, Jeffrey P.; Burks, Stephen V.; Verhoogen, Eric A. - 2004
To investigate the external validity of Ultimatum and Dictator game behavior we conduct experiments in field settings with naturally occurring variation in "social framing." Our participants are students at Middlebury College, non-traditional students at Kansas City Kansas Community College...
Persistent link: https://www.econbiz.de/10010276947
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Strategic ignorance in bargaining
Conrads, Julian; Irlenbusch, Bernd - 2011
than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …
Persistent link: https://www.econbiz.de/10010282588
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Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods
Manzini, Paola; Mariotti, Marco - 2004
A sequentially rationalizable choice function is a choice function which can be obtained by applying sequentially a fixed set of asymmetric binary relations (rationales). A Rational ShortlistMethod (RSM) is a choice function which is sequentially rationalizable by two rationales. These concepts...
Persistent link: https://www.econbiz.de/10010261993
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The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design
Saint-Paul, Gilles - 2002
Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
Persistent link: https://www.econbiz.de/10010262772
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A million answers to twenty questions: choosing by checklist
Mandler, Michael; Manzini, Paola; Mariotti, Marco - 2008
Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in economics. We show on the contrary that the two...
Persistent link: https://www.econbiz.de/10010268583
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A salience theory of choice errors
Manzini, Paola; Mariotti, Marco - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...
Persistent link: https://www.econbiz.de/10010269842
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Moody choice
Manzini, Paola; Mariotti, Marco - 2010
If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this paper we argue that, even with full unpredictability of mood, the way choices from a menu relate to choices from another menu exhibits some structure. We present two alternative...
Persistent link: https://www.econbiz.de/10010269873