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Coevolution of Deception and Preferences : Darwin and Nash Meet Machiavelli
Heller, Yuval - 2018
We develop a framework in which individuals' preferences coevolve with their abilities to deceive others about their preferences and intentions. Specifically, individuals are characterised by (i) a level of cognitive sophistication and (ii) a subjective utility function. Increased cognition is...
Persistent link: https://www.econbiz.de/10012937798
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Inferring preferences from choices under uncertainty
Kuzmics, Christoph - 2012
optimal choice (or collection of choices) given this preference relation, there is another preference relation that satisfies … EUOL plus the Savage axioms, for which this choice is also optimal. -- ambiguity ; decision theory ; Knightian uncertainty …
Persistent link: https://www.econbiz.de/10009509223
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Preferences for Efficiency, Rather Than Preferences for Morality, Drive Cooperation in the One-Shot Stag-Hunt Game
Capraro, Valerio - 2019
Recent work highlights that cooperation in the one-shot Prisoner's dilemma (PD) is primarily driven by moral preferences for doing the right thing, rather than social preferences for equity or efficiency. By contrast, little is known on what motivates cooperation in the Stag-Hunt Game (SHG)....
Persistent link: https://www.econbiz.de/10012864968
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Inferring Preferences from Choices Under Uncertainty
Kuzmics, Christoph - 2012
optimal choice (or collection of choices) given this preference relation, there is another preference relation that satisfies … EUOL plus the Savage axioms, for which this choice is also optimal …
Persistent link: https://www.econbiz.de/10014171994
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A Pragmatic Measure of Cardinal Choice Consistency
Allen, Roy; Rehbeck, John - 2022
This paper presents a cardinal measure of choice consistency for perturbed utility models. The measure of choice … error structure admits a pragmatic measure of choice consistency …
Persistent link: https://www.econbiz.de/10014237253
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Parallel inverse aggregate demand curves in discrete choice models
Kroft, Kory; Leal-Vizcaíno, René; Notowidigdo, Matthew J. - In: Economic theory 74 (2022) 3, pp. 923-946
This paper highlights a previously unnoticed property of commonly-used discrete choice models, which is that they …
Persistent link: https://www.econbiz.de/10013442105
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Nontransitive Preferences and Stochastic Rationalizability : A Behavioral Equivalence
Fosgerau, Mogens; Rehbeck, John - 2023
choices represent an individual’s preference is a difficult task since choice data is inherently stochastic. This paper shows … choice model. In particular, nontransitive preferences are regularly interpreted as a strength of preference, so we assume …
Persistent link: https://www.econbiz.de/10014350717
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Consumer Response to Increased Variety in Demand and Inverse Demand Systems with Consistent Preferences
Kolberg, William C. - 2021
Current neoclassical microeconomic theory of rational consumer behavior affirms a unique consumer price-quantity relationship under conditions associated with monopolistic competition. Inverse demand will be just as own-price elastic as demand in the neighborhood of the limit state, while demand...
Persistent link: https://www.econbiz.de/10013313809
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Monotone threshold representations
Frick, Mira - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 757-772
Motivated by the literature on ``choice overload'', we study a boundedly rational agent whose choice behavior admits a … of the model, extending familiar characterizations of rational choice. We classify monotone threshold representations as … satisficing'' model as well as Fishburn (1975) and Luce's (1956) model of choice behavior generated by a semiorder. We …
Persistent link: https://www.econbiz.de/10011671902
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The preference survey module: new evidence on social preferences from Tehran
Kosfeld, Michael; Sharaf, Zahra - 2022
We provide new evidence on the extent that survey items in the Preference Survey Module and the resulting Global Preference Survey measuring social preferences - trust, altruism, positive and negative reciprocity - predict behavior in corresponding experimental games outside the original student...
Persistent link: https://www.econbiz.de/10012805359