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In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in their menstrual and premenstrual phase but do not bid...
Persistent link: https://www.econbiz.de/10003878997
Neuroeconomics focuses on brain imaging studies mapping neural responses to choice behavior. Economic theory is … constrains information processing functions and behavioral functions. By reinterpreting results from evolutionary game theory …
Persistent link: https://www.econbiz.de/10014217845
Neuroeconomics focuses on brain imaging studies mapping neural responses to choice behavior. Economic theory is … theory (Germano, 2007), we suggest that nervous systems can develop to ``function well' in exogenously changing strategic … environment. -- Neuroeconomic theory ; Evolutionary game theory ; Learning in games …
Persistent link: https://www.econbiz.de/10003728065
experimental game theory. We consider the extension of level-k thinking to extensive-form games. Player's may learn about levels of …
Persistent link: https://www.econbiz.de/10013350881
Persistent link: https://www.econbiz.de/10001529148
We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents'...
Persistent link: https://www.econbiz.de/10014104403
We present a new solution concept for strategic games called comprehensive rationalizability that embodies "common cautious belief in rationality" based on a sound epistemic characterization in a universal type space. It refines rationalizability, but it neither refines nor is refined by...
Persistent link: https://www.econbiz.de/10012957249
We seek an evolutionary explanation for why in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of their environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...
Persistent link: https://www.econbiz.de/10014032634
Persistent link: https://www.econbiz.de/10013070298
conditions for existence are provided. We apply our theory to a rich collection of examples by noting that the class of symmetric …
Persistent link: https://www.econbiz.de/10003949630