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Economic harmony : a rational theory of fairness and cooperation in strategic interactions
Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21
-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
Persistent link: https://www.econbiz.de/10013252726
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An eye-tracking study of feature-based choice in one-shot games
Devetag, Giovanna; Di Guida, Sibilla; Polonio, Luca - 2013
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10009709528
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Feature-based choice and similarity perception in normal-form games : an experimental study
Di Guida, Sibilla; Devetag, Giovanna - In: Games 4 (2013) 4, pp. 776-794
In this paper, we claim that agents confronting with new interactive situations apply behavioral heuristics that drastically reduce the problem complexity either by neglecting the other players’ incentives, or by restricting attention to subsets of “salient” outcomes. We postulate that...
Persistent link: https://www.econbiz.de/10010240816
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Voluntary participation and spite in public good provision experiments : an international comparison
Cason, Timothy N.; Saijō, Tatsuyoshi; Yamato, Takehiko - In: Experimental economics : a journal of the Economic … 5 (2002) 2, pp. 133-153
Persistent link: https://www.econbiz.de/10001714859
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Voluntary participation and spite in public good provision experiments : an international comparison
Cason, Timothy N.; Saijō, Tatsuyoshi; Yamato, Takehiko - 2000
Persistent link: https://www.econbiz.de/10001505615
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On the geometry of Nash and correlated equilibria with cumulative prospect theoretic preferences
Phade, Soham R.; Anantharam, Venkat - In: Decision analysis : a journal of the Institute for … 16 (2019) 2, pp. 142-156
Persistent link: https://www.econbiz.de/10012025131
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A fragile multi-CPR game
Pelekis, Christos; Promponas, Panagiotis; Alvarado, Juan; … - In: Mathematical methods of operations research : ZOR 94 (2021) 3, pp. 461-492
Persistent link: https://www.econbiz.de/10012793589
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Games and prospects
Rieger, Marc Oliver (contributor) - 2007
We study how the framework of classical game theory changes when the preferences of the players are described by Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability weighting on the existence and specific structure of Nash...
Persistent link: https://www.econbiz.de/10003550861
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Evolutionary stability of prospect theory preferences
Rieger, Marc Oliver - In: Journal of mathematical economics 50 (2014), pp. 1-11
Persistent link: https://www.econbiz.de/10010476887
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Gacha Game : When Prospect Theory Meets Optimal Pricing
Gan, Tan - 2021
This paper considers the design problem of selling a unit good to a prospect theory buyer, with non-negative constraints on the realized price. When the value is private and the reservation value is 0, it is optimal for the seller to use a post binary random price mechanism, where he charges a...
Persistent link: https://www.econbiz.de/10013235328