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Risk Taking in the Household : Strategic Behavior, Social Preferences, or Interdependent Preferences?

Engel, Christoph - 2020

willingness to strike a balance between one's own and the other's risk preferences. Using machine learning methods, we find …

Persistent link: https://www.econbiz.de/10012850782

An Equivalence Between Rational Inattention Problems and Complete-Information Conformity Games

Ilinov, Pavel; Jann, Ole - 2022

We consider two types of models: (i) a rational inattention problem (as known from the literature) and (ii) a conformity game, in which fully informed players find it costly to deviate from average behavior. We show that these problems are equivalent to each other both from the perspective of...

Persistent link: https://www.econbiz.de/10013294757

Social Preferences and Deliberately Stochastic Behavior

Hashidate, Yosuke; Yoshihara, Keisuke - 2022

role of inequity aversion in outcome-based preferences and the shame of acting selfishly in social concerns. We employ an … additively perturbed utility model to social preferences that consists of the sum of expected utility and a non-linear cost … function, where the utility function is purely selfish and the cost function depends on social preferences. Using the cost …

Persistent link: https://www.econbiz.de/10013321549

Choosing a good toolkit, I : formulation, heuristics, and asymptotic properties

Francetich, Alejandro; Kreps, David M. - 2016

The problem of choosing an optimal toolkit day after day, when the distribution of values of different toolkits is uncertain and can only be observed by carrying different toolkits, is a multi-armed bandit problem with non-independent arms. Accordingly, except for very simple specifications,...

Persistent link: https://www.econbiz.de/10011864877

Choosing a good toolkit, I : prior-free heuristics

Francetich, Alejandro; Kreps, David M. - In: Journal of economic dynamics & control 111 (2020), pp. 1-20

Persistent link: https://www.econbiz.de/10012501360

Self-Esteem, Moral Capital, and Wrongdoing

Dal Bo, Ernesto - 2008

In order to help understand adherence to moral standards and the force of intrinsic motivation, we present an infinite-horizon model where an individual receives random temptations (such as bribe offers) and must decide which to resist. Temptations yield consumption value, but keeping a good...

Persistent link: https://www.econbiz.de/10012725669

The role of interpersonal uncertainty in prosocial behavior

Chakraborty, Anujit; Henkel, Luca - 2024

prosocial behavior, which we estimate to be of similar importance to social preferences. …

Persistent link: https://www.econbiz.de/10014576953

Behavior in the Centipede Game : A Decision-Theoretical Perspective

Blavatskyy, Pavlo R. - 2014

The centipede game is a two-player finite game of perfect information where a unique subgame perfect Nash equilibrium appears to be intuitively unappealing and descriptively inadequate. This paper analyzes behavior in the centipede game when a traditional game-theoretical assumption that players...

Persistent link: https://www.econbiz.de/10014142460

Other-Regarding Preferences and Giving Decision in Risky Environments : Experimental Evidence

Beaud, Mickaël - 2018

This paper investigates if and how other-regarding preferences governing giving decisions in dictator games are …

Persistent link: https://www.econbiz.de/10012911354

Over-confidence and low-cost heuristics : an experimental investigation of choice behavior

Cicognani, Simona; Mittone, Luigi - 2014

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The authors experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. In order to disentangle different choice dynamics, they...

Persistent link: https://www.econbiz.de/10010425055