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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

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

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