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Punishment Deters Crime Because Humans Are Bounded in Their Strategic Decision-Making
Rauhut, Heiko; Junker, Marcel - In: Journal of Artificial Societies and Social Simulation 12 (2009) 3, pp. 1-1
theory concludes differently. From the game theoretical perspective, inspectors anticipate the effect of increased … rationality; the first considers bounded learning from social interaction, the second bounded decision-making. Our results suggest …
Persistent link: https://www.econbiz.de/10004983508
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Weitere gute Nachrichten aus den neuen Bundesländern
Komlos, John; Baur, Marieluise - In: Ifo Schnelldienst 54 (2001) 14, pp. 51-51
Wie schon im ifo Schelldienst 11/2001 berichtet, nähert sich die Körpergröße junger Männer (auf der Basis des Gesundheitsurveys 1998) in den neuen und alten Bundesländern schnell an. Prof. John Komlos Ph.D. und Marieluise Baur, Universität München, untermauern dies mit neuen Zahlen.
Persistent link: https://www.econbiz.de/10008853381
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Sind Unternehmensplanspiele ein geeignetes Instrument zur Analyse begrenzter Rationalität und tatsächlichen Entscheidungsverhaltens?
Mußhoff, Oliver; Hirschauer, Norbert; Hengel, Philipp - In: Journal of International Agricultural Trade and Development 60 (2011) 3
Politik hat vielfach zum Ziel, das Verhalten von Wirtschaftssubjekten durch eine Veränderung der Rahmenbedingungen zu steuern. Bei der Politikfolgenabschätzung müssen deshalb Voraussagen gemacht werden, wie Menschen sich an veränderte ökonomische Bedingungen anpassen. Eine wichtige...
Persistent link: https://www.econbiz.de/10011143123
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As-if behavioral economics: Neoclassical economics in disguise?
Berg, Nathan; Gigerenzer, Gerd - Volkswirtschaftliche Fakultät, … - 2010
-if” utility theory to account for biases and deviations, and substantially more careful observation of successful decision makers … frequently put forward in behavioral economics to justify “psychological” models that add new parameters to fit decision outcome …-axiomatic approach to normative analysis focused on veridical descriptions of decision process and a matching principle – between …
Persistent link: https://www.econbiz.de/10008756521
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Estimating Structural Models of Equilibrium and Cognitive Hierarchy Thinking in the Field: The Case of Withheld Movie Critic Reviews
Brown, Alexander L.; Camerer, Colin F.; Lovallo, Dan - In: Management Science 59 (2013) 3, pp. 733-747
Film studios occasionally withhold movies from critics before their release. Because the unreviewed movies tend to be below average in quality, this practice provides a useful setting in which to test models of limited strategic thinking: Do moviegoers seem to realize that no review is a sign of...
Persistent link: https://www.econbiz.de/10010990545
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Neural networks and bounded rationality
Sgroi, Daniel; Zizzo, Daniel J. - In: Physica A: Statistical Mechanics and its Applications 375 (2007) 2, pp. 717-725
Traditionally the emphasis in neural network research has been on improving their performance as a means of pattern recognition. Here we take an alternative approach and explore the remarkable similarity between the under-performance of neural networks trained to behave optimally in economic...
Persistent link: https://www.econbiz.de/10010873642
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Satisficing Players
Guth, Werner - In: Research in World Economy 4 (2013) 1, pp. 1-13
their likely consequences. Unlike orthodox game theory, one does not require optimality and rational expectations but views …
Persistent link: https://www.econbiz.de/10011267373
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Sex-oriented stable matchings of the marriage problem with correlated and incomplete information
Caldarelli, Guido; Capocci, Andrea; Laureti, Paolo - In: Physica A: Statistical Mechanics and its Applications 299 (2001) 1, pp. 268-272
In the stable marriage problem two sets of agents must be paired according to mutual preferences, which may happen to conflict. We present two generalizations of its sex-oriented version, aiming to take into account correlations between the preferences of agents and costly information. Their...
Persistent link: https://www.econbiz.de/10010872187
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Is honesty the best policy? A game theory perspective of auditing
Chou, P. Ben; Xu, Wei; Anandarajan, Asokan; Valenti, Dennis - In: International Journal of Behavioural Accounting and Finance 3 (2012) 1/2, pp. 88-106
We extend and refine the welfare game developed by Coate et al. (2002) in two directions. First, by allowing the client and auditor to choose their strategies sequentially, we show that the most efficient equilibrium is that the client moves first to honestly report earnings, which is followed...
Persistent link: https://www.econbiz.de/10010668761
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A Characterization of Melioration in Game Theoretic Frameworks
Apesteguia, Jose - University of Bonn, Germany - 2001
The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a …
Persistent link: https://www.econbiz.de/10004989621