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The single consumer

Güth, Werner; Neuefeind, Wilhelm - 2001

Persistent link: https://www.econbiz.de/10001596937

The single consumer

Güth, Werner; Neuefeind, Wilhelm - 2001

Persistent link: https://www.econbiz.de/10001597176

Heuristics as decision rules, Part I: The Cobb-Douglas consumer

Güth, Werner; Neuefeind, W. - In: Homo oeconomicus 18 (2001) 1, pp. 177-197

Persistent link: https://www.econbiz.de/10001617032

Heuristics as decision rules : Part I: the single consumer

Güth, Werner; Neuefeind, Wilhelm - 2001

these changes. Households therefore often rely on simple heuristics when deciding what to consume, e.g. in the form of a … commodities as food items. Using utility functions we can measure the welfare loss, caused by such heuristics, and to what extent …

Persistent link: https://www.econbiz.de/10009612561

Do investors optimize, follow heuristics, or listen to experts?

Gehrig, Thomas P.; Güth, Werner; Levínský, René; … - 2008

In the experimental scenario several agents repeatedly invest in n (n2) state-specific assets. The evolutionarily stable and equilibrium (Blume and Easley, 1992) portfolio for this situation requires to distribute funds according to the constant probabilities of the various states. The different...

Persistent link: https://www.econbiz.de/10010274010

Do investors optimize, follow heuristics, or listen to experts?

Gehrig, Thomas; Güth, Werner; Levinsky, Rene; Popova, Vera - Wirtschaftswissenschaftliche Fakultät, … - 2008

In the experimental scenario several agents repeatedly invest in n (n = 2) state-speciïfic assets. The evolutionarily stable and equilibrium (Blume and Easley, 1992) portfolio for this situation requires to distribute funds according to the constant probabilities of the various states. The...

Persistent link: https://www.econbiz.de/10005090482