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Games with switching costs and endogenous references
Guney, Begum; Richter, Michael - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 617-650
We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy and then, taking switching costs into account, he selects a strategy from which there is no profitable deviation. We axiomatically characterize this selection procedure...
Persistent link: https://www.econbiz.de/10013273768
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Social Versus Moral Preferences in the Ultimatum Game : A Theoretical Model and an Experiment
Capraro, Valerio - 2018
In the Ultimatum Game (UG) one player, named “proposer”, has to decide how to allocate a certain amount of money between herself and a “responder”. If the offer is greater than or equal to the responder’s minimum acceptable offer (MAO), then the money is split as proposed, otherwise,...
Persistent link: https://www.econbiz.de/10014114958
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Unraveling fairness in simple games? : the role of empathy and theory of mind
Artinger, Florian; Exadaktylos, Filippos; Koppel, Hannes; … - 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/10003980496
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Expectation-based loss aversion and strategic interaction
Dato, Simon; Grunewald, Andreas; Müller, Daniel - 2015
This paper provides a comprehensive analysis regarding strategic interaction under expectation-based loss-aversion. First, we develop a coherent framework for the analysis by extending the equilibrium concepts of Koszegi and Rabin (2006, 2007) to strategic interaction and demonstrate how to...
Persistent link: https://www.econbiz.de/10011430524
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Expectation-Based Loss Aversion and Strategic Interaction
Dato, Simon - 2017
expectation-based loss-averse players. For loss-averse players with choice-acclimating expectations the utility from playing a … are generally unwilling to randomize and an equilibrium may fail to exist. For players with choice …
Persistent link: https://www.econbiz.de/10012961140
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Preferences for Efficiency, Rather Than Preferences for Morality, Drive Cooperation in the One-Shot Stag-Hunt Game
Capraro, Valerio - 2019
Recent work highlights that cooperation in the one-shot Prisoner's dilemma (PD) is primarily driven by moral preferences for doing the right thing, rather than social preferences for equity or efficiency. By contrast, little is known on what motivates cooperation in the Stag-Hunt Game (SHG)....
Persistent link: https://www.econbiz.de/10012864968
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The Power of Moral Words : Loaded Language Generates Framing Effects in the Extreme Dictator Game
Capraro, Valerio; Vanzo, Andrea - 2019
Understanding whether preferences are sensitive to the frame has been a major topic of debate in the last decades. For example, several works have explored whether the dictator game in the give frame gives rise to a different rate of pro-sociality than the same game in the take frame, leading to...
Persistent link: https://www.econbiz.de/10014113704
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Efficiency and Punishment in a Coordination Game : Voluntary Sanctions in the Minimum Effort Game
Le Lec, Fabrice - 2015
Using a laboratory experiment, we examine whether voluntary monetary sanctions induce subjects to coordinate more efficiently in a repeated minimum effort coordination game. While most groups first experience inefficient coordination in a baseline treatment, the efficiency increases...
Persistent link: https://www.econbiz.de/10013029535
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On rational choice and the representation of decision problems
Oliva, Paulo; Zahn, Philipp - In: Games 12 (2021) 4, pp. 1-21
, simplifying their choice process. For instance, in the case of a list he or she can use the order in which alternatives are … represented to make their choice. In this paper, we model representations and decision procedures operating on them. We show that … choice procedures are related to classical choice functions by a canonical mapping. Using this mapping, we can ask whether …
Persistent link: https://www.econbiz.de/10012698098
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Imagine-self perspective-taking and rational self-interested behavior in a simple experimental normal-form game
Karbowski, Adam; Ramsza, Michał - 2017
The purpose of this study is to explore the link between imagine-self perspective-taking and rational self-interested behavior in experimental normal-form games. Drawing on the concept of sympathy developed by Adam Smith and further literature on perspective taking in games, we hypothesize that...
Persistent link: https://www.econbiz.de/10011761459