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This paper focuses on the problem of monotone decision trees from the point of view of the multicriteria decision aid methodology (MCDA). By taking into account the preferences of the decision maker, an attempt is made to bring closer similar research within machine learning and MCDA. The paper...
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We extend the literature structurally estimating social preferences by accounting for the desire to adhere to social norms. Our representative agent is strongly motivated by norms and failing to account for this causes us to overestimate how much agents care about helping those who are worse...
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For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs … failed to explain their choices between corrupt and non-corrupt behavior. Instead, beliefs appeared to be a better predictor …
Persistent link: https://www.econbiz.de/10010291803
. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash … strategy significantly more often, and their choices are more often consistent by being a best reply to first order beliefs. We … to textbook rationality. Using a mixture model, the estimated probability to play strategically is 62% for teams, but …
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making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best … reply to beliefs if any player has a dominant strategy and equilibrium payoffs are not too unequal. Using a mixture model we … can estimate for each subject the probability to be any of eight different strategic and non-strategic types. The …
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