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The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic...
Persistent link: https://www.econbiz.de/10003770444
)bounded rationality ; (non-)cooperative game theory ; bargaining and negotiation (theory and experiments) …
Persistent link: https://www.econbiz.de/10008989998
straightforward behavior is predicted by Harsanyi and Selten's (1988) equilibrium selection theory as well as alternative solution …
Persistent link: https://www.econbiz.de/10008689027