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objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters …
Persistent link: https://www.econbiz.de/10011899691
Players may categorize the strategies available to them. In many games there are different ways to categorize one's strategies (different frames) and which ones players use has implications for the outcomes realized. This paper proposes a model of agents who learn which frames to use through...
Persistent link: https://www.econbiz.de/10012602347
Players may categorize the strategies available to them. In many games there are different ways to categorize one's strategies (different frames) and which ones players use has implications for the outcomes realized. This paper proposes a model of agents who learn which frames to use through...
Persistent link: https://www.econbiz.de/10012608716
decision heuristics. Central to our survey is the question under which conditions a complex macro-system of interacting agents …
Persistent link: https://www.econbiz.de/10011929804
This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …
Persistent link: https://www.econbiz.de/10011590425
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
I designed an experiment to study the persistence of the prevailing levels of reasoning across games. Instead of …
Persistent link: https://www.econbiz.de/10012432226
Persistent link: https://www.econbiz.de/10011533905
Persistent link: https://www.econbiz.de/10010191021
Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …
Persistent link: https://www.econbiz.de/10012457832