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Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005837064
Rational choice theory analyzes how an agent can rationally act, given his or her preferences, but says little about where those preferences come from. Instead, pref- erences are usually assumed to be �xed and exogenously given. Building on related work on reasons and rational choice (Dietrich...
Persistent link: https://www.econbiz.de/10009422001
There is a surprising disconnect between formal rational choice theory and philosophical work on reasons. The one is silent on the role of reasons in rational choices, the other rarely engages with the formal models of decision problems used by social scientists. To bridge this gap, we propose a...
Persistent link: https://www.econbiz.de/10009421996
n this paper we propose a pluralistic and multi-dimensional ap- proach to cooperation. Specifically, we seek to show … that, in certain settings, less unconditional forms of cooperation may be combined with more gratuitous ones. Starting with … the prisoner’s dilemma game, the evolution of cooperation is analyzed in the presence of different strate- gies, which …
Persistent link: https://www.econbiz.de/10008596384
It is difficult to identify acts that are purely altruistic, and do not have some level of egoism or self-interest involved. By considering situations where team members seemingly have nothing to gain by the way they distribute points to others with regard to peer evaluation, and where their...
Persistent link: https://www.econbiz.de/10011170136
This paper shows that social interactions can induce families of migrants to care about hierarchical social status because it serves as a signal device of non-observable income. Hence , a concern for social status induces theses families to engage in conspicuous consumption in order to signal...
Persistent link: https://www.econbiz.de/10011111929
In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...
Persistent link: https://www.econbiz.de/10011260122
This paper aims at defining a set of privacy metrics (quantitative and qualitative) in the case of the relation between a privacy protector ,and an information gatherer .The aims with such metrics are : -to allow to assess and compare different user scenarios and their differences ;for examples...
Persistent link: https://www.econbiz.de/10009022009
significantly promotes cooperation even absent negative consequences for non-cooperative behavior. We discuss the implications of … our findings for shaping institutional design to promote cooperation. …
Persistent link: https://www.econbiz.de/10009422008
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248