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has a systematic impact on observed degrees of risk aversion. This paper reports the findings of two experiments examining …
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<Para ID="Par1">This paper identifies, and tests experimentally, a prediction of the Nash bargaining axioms that may appear counterintuitive. The context is a simple bargaining problem in which two players have to agree a choice from three alternatives. One alternative favours one player and a second favours...</para>
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explain why: (i) some experiments result in higher than Cournot–Nash production levels while others result in lower, (ii …
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Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative prospects. We first study the widely used method by Holt and Laury (Am Econ Rev 92(5):1644–1655, <CitationRef CitationID="CR21">2002</CitationRef>), for which we find that the removal of some items from the lists yields a...</citationref>
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Since the seminal paper of Nash (Proc Natl Acad Sci USA 36:48–49, <CitationRef CitationID="CR12">1950</CitationRef>) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. In a recent paper of Pruzhansky (Int J Game Theory 40:351–365, <CitationRef CitationID="CR17">2011</CitationRef>) it was shown that under fairy general conditions...</citationref></citationref>
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