Narrow search
Showing 1 - 10 of 9,459
Cover Image
Wishful Thinking
Mayraz, Guy - Department of Economics, Faculty of Business and Economics - 2013
This paper presents a model and an experiment, both suggesting that wishful thinking is a pervasive phenomenon that aect decisions large and small. Agents in the model start out with state-dependent payos, and behave as if high-payo states are more likely. Subsequent choices maximize...
Persistent link: https://www.econbiz.de/10010903414
Cover Image
Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations.
Dominitz, J.; Manski, C.F. - Wisconsin Madison - Social Systems - 1996
We have recently initiated the Survey of Economic Expectations (SEE) in an effort to learn how Americans perceive their near-term futures. This paper use SEE data on over two thousand labor force participants interviewed in 1994 and 1995 to describe how Americans in the labor force perceive the...
Persistent link: https://www.econbiz.de/10005200413
Cover Image
The Institutional Framework and Decision Making in Sudan
Mohamed, Issam A.W. - Volkswirtschaftliche Fakultät, … - 2010
The study here reviews the institutional structure of the Sudanese government. Truly, though it is stigmatized as totalitarian, the structure is phenotypically perfect. Ministry of Ministries council is supposed to cater for analyzing data concerning ministries performance, drawing strategic...
Persistent link: https://www.econbiz.de/10009359954
Cover Image
Psychological Games in the Theory of Choice: Temptation, Perfectionism, Self-deception
Zak, F. - In: Journal of the New Economic Association 21 (2014) 1, pp. 12-32
In this paper we give a survey of recent work on game theory devoted to modeling decision making under bounded …
Persistent link: https://www.econbiz.de/10010839411
Cover Image
Explaining Violations of Bayesian Inference
Pasche, Markus - Wirtschaftswissenschaftliche Fakultät, … - 1997
Empirical studies show that agents often violate Bayes' rule in updating probability expectations. This paper deals with errors in combining observations with prior knowledge. Such errors neccessarily occur when agents have limited information-processing capacities. It is shown that rational...
Persistent link: https://www.econbiz.de/10005835248
Cover Image
Game theory on strategic communication: an approach from Thomas S. Schelling
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its … applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions … interdependent (strategic communication). Schelling's originality is to extend economic theory to social sciences. When a player can …
Persistent link: https://www.econbiz.de/10008541485
Cover Image
Cognition in Seemingly Riskless Choices and Judgments.
Levy-Garboua, L.; Montmarquette, C. - Département de Sciences Économiques, Université de … - 1996
possibilities are given in a stochastic sense and based on revisable expectations. the theory predicts experimental preference …
Persistent link: https://www.econbiz.de/10005133108
Cover Image
Conditional Preference for Flexibility: Eliciting Beliefs from Behavior
Sadowski, Philipp - Volkswirtschaftliche Fakultät, … - 2008
Following Kreps (1979), we consider a decision maker with uncertain beliefs about her own future taste. This uncertainty leaves the decision maker with preference for flexibility: When choosing among menus containing alternatives for future choice, she weakly prefers larger menus. Existing...
Persistent link: https://www.econbiz.de/10005621236
Cover Image
On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
for the selected public/private companies. We formulate the Ledenyov theory on the winning virtuous strategies creation …
Persistent link: https://www.econbiz.de/10011156987
Cover Image
On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
induced nonlinearities. We formulate the Ledenyov theory on the winning virtuous strategies creation toward the leveraged …
Persistent link: https://www.econbiz.de/10011107335