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Conflict, Evolution, Hegemony, and the Power of the State

Levine, David; Modica, Salvatore - National Bureau of Economic Research (NBER) - 2013

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

RATIONALITY AND CHOICES IN ECONOMICS: BEHAVIORAL AND EVOLUTIONARY APPROACHES

GRAZIANO, Mario; SCHILIRO, Daniele - In: Theoretical and Practical Research in Economic Fields II (2011) 2, pp. 183-196

The paper critically discusses the issue of rationality and choices in economics in both the behavioural and evolutionary approaches. Our study aims, on the one hand, to highlight the scientific contributions of psychology in economics, since psychology, and with it the theoretical approach of...

Persistent link: https://www.econbiz.de/10009653234

Preferences, Choice, Goal Attainment, Satisfaction:That’s Life?

Pecchenino, Rowena - Department of Economics, National University of Ireland - 2010

We make choices to achieve an objective. The objective is defined by an individual’s preferences. Subject to constraints, the objective is approached or achieved. Is this a good characterization of life? To answer this question we weaken one of the most basic assumptions of economics:...

Persistent link: https://www.econbiz.de/10008503175

Asian Disease-type of Framing of Outcomes as an Historical Curiosity

Jullien, Dorian - Groupe de REcherche en Droit, Économie, Gestion … - 2013

This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...

Persistent link: https://www.econbiz.de/10010860430

Reason-Based Rationalization

Dietrich, Franz; List, Christian - Volkswirtschaftliche Fakultät, … - 2013

We introduce a “reason-based” way of rationalizing an agent’s choice behaviour, which explains choices by specifying … which properties of the options or choice context the agent cares about (the “motivationally salient properties”) and how he … non-classical choice behaviour, including boundedly rational and sophisticated rational behaviour, and predict choices in …

Persistent link: https://www.econbiz.de/10011260696

Patterns of technological progress and corporate innovation

Waśniewski, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010

The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...

Persistent link: https://www.econbiz.de/10008645123

Boundedly Rational versus Optimization-Based Models of Strategic Thinking and Learning in Games

V. P. Crawford. - In: VOPROSY ECONOMIKI 5 (2014)

The paper is a comment on the article by R. Harstad and R. Selten and considers the tradeoff between bounded rationality and optimization models in the game-theoretic context. The author shows that in most of the models elements of opimization are still retained and that it is thus more...

Persistent link: https://www.econbiz.de/10010860844

Inferring preferences from choices under uncertainty

Kuzmics, Christoph - Institut für Mathematische Wirtschaftsforschung, … - 2012

optimal choice (or collection of choices) given this preference relation, there is another preference relation that satisfies … EUOL plus the Savage axioms, for which this choice is also optimal. …

Persistent link: https://www.econbiz.de/10009653931

Unraveling Fairness in Simple Games? The Role of Empathy and Theory of Mind

Artinger, Florian; Exadaktylos, Fillipos; Sääksvuori, … - Wirtschaftswissenschaftliche Fakultät, … - 2010

Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...

Persistent link: https://www.econbiz.de/10008511334

Does Scarcity Exacerbate the Tragedy of the Commons? Evidence from Fishers´ Experimental Responses

Maldonado, Jorge Higinio; Moreno-Sánchez, Rocío del Pilar - UNIVERSIDAD DE LOS ANDES-CEDE - 2009

Economic Experimental Games (EEGs), focused to analyze dilemmas associated with the use of common pool resources, have shown that individuals make extraction decisions that deviate from the suboptimal Nash equilibrium. However, few studies have analyzed whether these deviations towards the...

Persistent link: https://www.econbiz.de/10008527039

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