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How to cope with (new) uncertainties: A bounded rationality approach
Güth, Werner; Kliemt, Hartmut - 2015
A rigorous reconstruction of scenario-based real choice making reveals the incompleteness of decision-modeling and the practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping with uncertainty can prescribe how the boundedly...
Persistent link: https://www.econbiz.de/10011282453
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How to cope with (new) uncertainties : a bounded rationality approach
Güth, Werner; Kliemt, Hartmut - 2015
A rigorous reconstruction of scenario-based real choice making reveals the incompleteness of decision-modeling and the practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping with uncertainty can prescribe how the boundedly...
Persistent link: https://www.econbiz.de/10011283827
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Equity versus Efficiency?– Evidence from Three-Person Generosity Experiments –
Güth, Werner; Pull, Kerstin; Stadler, Manfred; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
In two-person generosity games the proposer's agreement payoffis exogenously given whereas that of the responder is endogenouslydetermined by the proposer's choice of the pie size. Earlier resultsfor two-person generosity games show that participants seem to caremore for eciency than for equity....
Persistent link: https://www.econbiz.de/10005870886
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Equity versus efficiency? : Evidence from three-person generosity experiments
Güth, Werner; Pull, Kerstin; Stadler, Manfred; … - 2010
In two-person generosity games the proposer's agreement payoff is exogenously given whereas that of the responder is endogenously determined by the proposer's choice of the pie size. Earlier results for two-person generosity games show that participants seem to care more for efficiency than for...
Persistent link: https://www.econbiz.de/10003952438
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Assessing mental models via recording the decision deliberations of pairs
Berninghaus, Siegfried; Güth, Werner; Klempt, Charlotte; … - 2013
Two participants have to decide jointly, with the discussions preceding their choice being video/audiotaped. For two tasks, one with and one without strategic interaction, we refer to obvious reasoning styles as mental models. The videotaped discussions are analyzed according to which mental...
Persistent link: https://www.econbiz.de/10009723594
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Does entitlement crowd out efficiency or equality seeking? : selling the roles in generosity game experiments
Bäker, Agnes; Güth, Werner; Pull, Kerstin; Stadler, … - 2010
In generosity games, one agreement payoff is exogenously given, whereas the other is endogenously determined by the proposer's choice of the "pie" size. This has been shown to induce pie choices which are either efficiency or equality seeking. In our experiment, before playing the generosity...
Persistent link: https://www.econbiz.de/10008758824
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Leadership in a public goods : experiment with permanent and temporary members
Angelova, Vera; Güth, Werner; Kocher, Martin - 2019
We experimentally analyze leading by example in a public goods game with two permanent and two temporary group members. Our results show that leadership when permanent and temporary members interact leads to lower contributions than interaction without leadership.
Persistent link: https://www.econbiz.de/10012137180
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Leadership in a public goods experiment with permanent and temporary members
Angelova, Vera; Güth, Werner; Kocher, Martin - 2019
We experimentally analyze leading by example in a public goods game with two permanent and two temporary group members. Our results show that leadership when permanent and temporary members interact leads to lower contributions than interaction without leadership.
Persistent link: https://www.econbiz.de/10012126333
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Learning to bid : an experimental study of bid function adjustments in auctions and fair division games
Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999
We examine learning behavior in auctions and Fair division games with independent private values under two different … than single bids. This allows us to examine whether learning is influenced by the structural differences between games. We … find that within the time horizon which we investigate, learning does not drive toward risk neutral equilibrium bidding and …
Persistent link: https://www.econbiz.de/10009581102
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Robust learning experiments : evidence for learning and deliberation
Güth, Werner - 2000
Robust learning experiments confront participants with structurally different decision environments which they …
Persistent link: https://www.econbiz.de/10009612041