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Rieger, Marc Oliver - Institut für Schweizerisches Bankwesen <Zürich> - 2006

We study how the framework of classical game theory changes when the preferences of the players are described by … Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability … the validity of prospect theory as a descriptive model in human behavior. …

Persistent link: https://www.econbiz.de/10005858351

INCENTIVES AND OUTCOMES IN A STRATEGICSETTING: THE 3-POINTS-FOR-A-WIN SYSTEM INSOCCER

Moschini, GianCarlo - Iowa State University of Science and Technology <Ames, … - 2008

I exploit a major structural change that has occurred in world soccer to study the impact ofincentives on outcomes in a strategic setting. A game-theoretic model is developed thatcaptures some essential strategic elements of soccer vis-à-vis the number of points awardedto a win. The observable...

Persistent link: https://www.econbiz.de/10009360784

Skill Mismatch in Equilibrium Unemployment

Bachmann, Ronald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005

We analyse the effect of skill mismatch in a search model of equilibrium unemployment with risk-neutral agents, endogenous job destruction, and two-sidedex-ante heterogeneity. First, we examine the interaction of labour market institutions and skill mismatch. We find that skill mismatch changes...

Persistent link: https://www.econbiz.de/10005861985

What Ethics Can Learn From ExperimentalEconomics – If Anything

Güth, Werner; Kliemt, Hartmut - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

Relying on the specific example of ultimatum bargaining experiments this paperexplores the possible role of empirical knowledge of behavioural “norm(ative)facts” within the search for (W)RE – (Wide) Reflective Equilibria on normativeissues. Assuming that “pro-social” behaviour...

Persistent link: https://www.econbiz.de/10005866425

Brown-von Neumann-Nash Dynamics:The Continous Strategy Case

Hofbauer, Josef; Oechssler, Jörg; Riedel, Frank - Alfred-Weber-Institut für Sozial- und … - 2005

forlocal and global asymptotic stability which use concepts developed inevolutionary game theory..... …

Persistent link: https://www.econbiz.de/10005868464

Evolutionary Stability of Prospect Theory Preferences

Rieger, Marc Oliver - Institut für Schweizerisches Bankwesen <Zürich> - 2009

population of players withprospect theory preferences can not be invaded by more rational players. Thisholds also if probability …

Persistent link: https://www.econbiz.de/10005868526

Equilibria in Games with Prospect Theory Preferences

Metzger, Lars P.; Rieger, Marc Oliver - Institut für Schweizerisches Bankwesen <Zürich> - 2009

We study how the framework of classical game theory changes whenthe preferences of the players are described by … Prospect Theory (PT)and Cumulative Prospect Theory (CPT) instead of Expected UtilityTheory. Specically, we study the inuence of …

Persistent link: https://www.econbiz.de/10005869074

Wage Subsidy, Cash Transfer and Individual Welfare in a CournotModel of the Household

Dasgupta, Indraneel - University <Nottingham> / Department of Economics - 1999

We examine the implications of an income redistribution from men to women for the welfare ofmothers and their children. We develop a Cournot model of a two-person household whereagents provide market labor and allocate their spending between a private consumption good andgoods for children. We...

Persistent link: https://www.econbiz.de/10005869221

Reputation und wiederholte Spiele

Rau-Bredow, Hans - 1996

Reputation bildet eine wichtige Vorraussetzung für das Funktionierende des alltäglichen Wirtschaftslebens.

Persistent link: https://www.econbiz.de/10005851003

Internalizing Externalities of Loss-Prevention through Insurance Monopoly: An Analysis of Interdependent Consumer Risks

Hofmann, Annette - 2005

When risks are interdependent, an agent's decision to self-protect affects the loss probabilities faced by others. Due to these externalities, economic agents invest too little in prevention relative to the socially efficient level by ignoring marginal external costs or benefits conferred on...

Persistent link: https://www.econbiz.de/10005856262