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decision problems (Kreps, 1990). We submit that the relational structure of players’ preferences in a game induces cognitive … games behave consistently with such representations according to simple but rational decision criteria. This suggests that …
Persistent link: https://www.econbiz.de/10005465212
We develop a general method to solve models of interactions between multiple agents, including the possibility of strategic advantage for some of them. We argue that this type of model applies to the description of apparently irrational or biased behaviors in a person whose action is the...
Persistent link: https://www.econbiz.de/10011258738
These couple of pages discuss upon the retroactive influence (Systemic Retroactive game, or SyR) between people’s behaviour and environment. The latter is intended as physical environment (type of cities, climate, geography…), normative environment (laws), moral environment (religions,...
Persistent link: https://www.econbiz.de/10011260143
The value of information is examined in a single-agent environment with unawareness. Although the agent has a correct prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may lead him to commit information processing errors and to...
Persistent link: https://www.econbiz.de/10011263576
We conduct a laboratory experiment with a constant-sum sender–receiver game and a sequential game of matching pennies with the same payoff structure to investigate the impact of individuals’ first- and second-order beliefs on truth-telling. While first-movers in matching pennies choose an...
Persistent link: https://www.econbiz.de/10011263922
decision. Its structural and intensive sophistication surpasses the basic framework of choice without uncertainty to treat the …
Persistent link: https://www.econbiz.de/10010992401
In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
Social networks are an important component in understanding the decision to consume addictive substances. They capture … influence each other in their decision to consume an addictive good. An agent's decision is sensitive to her state of addiction …
Persistent link: https://www.econbiz.de/10010960504
deliberate has evolved for good reason. But on many more tasks than one might think at first sight, intuitive decision-making, or …
Persistent link: https://www.econbiz.de/10005772750
Dictator Game. Prior to making their decision, we present dictators with a simple visual stimlulus: either three dots in a …
Persistent link: https://www.econbiz.de/10005621662