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Players With Limited Memory
Huck, Steffen; Sarin, Rajiv - In: The B.E. Journal of Theoretical Economics 4 (2004) 1
This paper studies a model of memory. The model takes into account that memory capacity is limited and imperfect. We … study how agents with such memory limitations, who have very little information about their choice environment, play games …. We introduce the notion of a Limited Memory Equilibrium (LME) and show that play converges to an LME in every generic …
Persistent link: https://www.econbiz.de/10014589025
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Players With Limited Memory
Huck, Steffen; Sarin, Rajiv - In: Contributions to Theoretical Economics 4 (2004) 1, pp. 1109-1109
This paper studies a model of memory. The model takes into account that memory capacity is limited and imperfect. We … study how agents with such memory limitations, who have very little information about their choice environment, play games …. We introduce the notion of a Limited Memory Equilibrium (LME) and show that play converges to an LME in every generic …
Persistent link: https://www.econbiz.de/10005751274
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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - 2014
In this note we shall discuss a concept that - despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language - has never gained a foothold in economic theory: the concept of empathy. Specifically, we...
Persistent link: https://www.econbiz.de/10010331363
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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - 2014
In this note we shall discuss a concept that - despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language - has never gained a foothold in economic theory: the concept of empathy. Specifically, we...
Persistent link: https://www.econbiz.de/10010233986
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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - In: Journal of economic behavior & organization : JEBO 108 (2014), pp. 383-388
Persistent link: https://www.econbiz.de/10011296490
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More Order with Less Law: On Contract Enforcement, Trust, and Crowding
Bohnet, Iris; Frey, Bruno S.; Huck, Steffen - Institut für Volkswirtschaftslehre, …
enforceability affects individual performance for exogenous preferences. Then we apply a dynamic model of preference adaptation and …
Persistent link: https://www.econbiz.de/10005585611
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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 383-388
In this note we shall discuss a concept that – despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language – has never gained a foothold in economic theory: the concept of empathy. Specifically,...
Persistent link: https://www.econbiz.de/10011116842
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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - Abteilung "Ökonomik des Wandels", Wissenschaftszentrum … - 2014
In this note we shall discuss a concept that - despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language - has never gained a foothold in economic theory: the concept of empathy. Specifically, we...
Persistent link: https://www.econbiz.de/10010983237