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Social conformity and bounded rationality in arbitrary games with incomplete information : some first results
Cartwright, Edward; Wooders, Myrna Holtz - 2003
In has been frequently observed, in both economics and psychology, that individuals tend to conform to the choices of other individuals with whom thy identify. Can such conformity be consistent with self-interested behaviour? To address this question we use the framework of games with incomplete...
Persistent link: https://www.econbiz.de/10011593776
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Comparing ambiguous inferences when probabilities are imprecise
Fountain, John; Gunby, Philip - 2010
Persistent link: https://www.econbiz.de/10008669304
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Learning to play approximate Nash equilibria in games with many players
Cartwright, Edward - 2004
We illustrate one way in which a population of boundedly rational individuals can learn to play an approximate Nash equilibrium. Players are assumed to make strategy choices using a combination of imitation and innovation. We begin by looking at an imitation dynamic and provide conditions under...
Persistent link: https://www.econbiz.de/10011603099
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Everyday econometricians: selection neglect and overoptimism when learning from others
Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2022
Persistent link: https://www.econbiz.de/10013331061
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It's a sure win! : experimental evidence on overconfidence in betting behavior
Chegere, Martin; Falco, Paolo; Nieddu, Marco G.; … - 2022
Persistent link: https://www.econbiz.de/10014226821
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Three forewords
Phelps, Edmund S. - 2008
Persistent link: https://www.econbiz.de/10009304941
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Myopic oligopoly pricing
Bos, Iwan; Marini, Marco; Saulle, Riccardo D. - 2021
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with the...
Persistent link: https://www.econbiz.de/10012814516
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Multi-state choices with aggregate feedback on unfamiliar alternatives
Jehiel, Philippe; Singh, Juni - 2019
Persistent link: https://www.econbiz.de/10012234582
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A model of near-rational exuberance
Bullard, James Brian (contributor);  … - 2008 - Rev.
Persistent link: https://www.econbiz.de/10003740533
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Competitive politics, simplified heuristics, and preferences for public goods
Schläpfer, Felix; Schmitt, Marcel; Roschewitz, Annette - 2007
This paper examines the role of simplified heuristics in the formation of preferences for public goods. Political … scientists have suggested that voters use simplified heuristics based on the positions of familiar parties to infer how a … relied on simplified heuristics. (5) Respondents who knew the party positions were more sensitive to the tax attribute. (6 …
Persistent link: https://www.econbiz.de/10003892449