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Seel, Christian; Strack, Philipp - In: Journal of economic theory 148 (2013) 5, pp. 2033-2048

Persistent link: https://www.econbiz.de/10010195552

The evolutionary stability of optimism, pessimism, and complete ignorance

Schipper, Burkhard - 2019

We provide an evolutionary foundation to evidence that in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and...

Persistent link: https://www.econbiz.de/10012101422

Trembles in Extensive Games with Ambiguity Averse Players

Aryal, Gaurab - 2014

We introduce and analyze three definitions of equilibrium for finite extensive games with imperfect information and ambiguity averse players. In a setting where players' preferences are represented by maxmin expected utility, as characterized in Gilboa and Schmeidler (1989), our definitions...

Persistent link: https://www.econbiz.de/10013064382

Loss aversion and mental accounting : the favorite-longshot bias in parimutuel betting

Qiu, Jianying - 2009

In this paper it is shown that the combination of mental accounting and loss aversion can fundamentally changes people's way of evaluating risky alternatives. The observation is applied in a market setting: Parimutuel betting markets. In parimutuel betting markets it has been found that for...

Persistent link: https://www.econbiz.de/10009734683

Continuous time contests

Seel, Christian; Strack, Philipp - 2012

prize. Applications of the model include procurement contests and competitions for grants. We prove existence and uniqueness …

Persistent link: https://www.econbiz.de/10009571033

Contests with rank-order spillovers

Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2009 - Revised: April 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …

Persistent link: https://www.econbiz.de/10011378808

Continuous time contests with private information : conference paper

Seel, Christian; Stracky, Philipp - 2014

This paper introduces a class of contest models in which each player decides when to stop a privately observed Brownian motion with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins a prize. We prove existence and uniqueness of a...

Persistent link: https://www.econbiz.de/10010487682

The Ultimatum Heuristic in Mixed-Motive Noncooperative Games

Sutcliffe, Dreux - 2020

Mixed-motive noncooperative games feature ambivalence in the competitive relation of the players and outcomes disobliging Nash equilibrium prescription. The Nash approach, ostensibly rational and self-maximizing, regularly advises strategy many players regard as counterintuitive or faulty. And...

Persistent link: https://www.econbiz.de/10012848925

The Ultimatum Heuristic in Sequential Move Noncooperative Games

Sutcliffe, Dreux - 2022

The ultimatum heuristic is a decision-making tendency discernible in graphical plots of mixed-motive noncooperative games. As such, it can serve also as a solution approach, backsolving, predicting and explaining outcomes better than the mainstay Nash equilibrium concept whenever data for the...

Persistent link: https://www.econbiz.de/10014079449

A theory of indifference based on status-seeking behaviour

Marjit, Sugata; Dastidar, Krishnendu Ghosh; Pandey, … - 2023

This paper explores the reluctance of men (women) to acknowledge or recognise the work, comments, and claims of new ideas by other men (women) via widespread and intense demonstrations of indifference. Instances like desk rejections by journals by not allowing papers to reach a review stage,...

Persistent link: https://www.econbiz.de/10014265989

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