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Non-cooperative games
Damme, Eric E. C. van - 2014
Persistent link: https://www.econbiz.de/10011285514
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The standard model of rational risky decision-making
Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a theoretical device called von Neumann-Morgenstern utility function, where concepts of function and random variable are employed in their...
Persistent link: https://www.econbiz.de/10012520657
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Savage's response to Allais as Broomean reasoning
Dietrich, Franz; Staras, Antonios; Sugden, Robert - In: Journal of economic methodology 28 (2021) 2, pp. 143-164
Persistent link: https://www.econbiz.de/10012515888
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Impact of economics learning on risk preferences and rationality : an empirical investigation
Zhou, Zhengyi - In: The American economist : journal of Omnicron Delta … 58 (2013) 1, pp. 4-15
Persistent link: https://www.econbiz.de/10009748109
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The rapid evolution of homo economicus : brief exposure to neoclassical assumptions increases self-interested behavior
Ifcher, John; Zarghamee, Homa S. - 2016
experiment, we use a within- and across-subject design to identify the impact of brief, randomly-assigned economics lessons on … considerations moves behavior toward traditional economic rationality in UG, PD, and DG. Despite entering the study with higher …
Persistent link: https://www.econbiz.de/10011528153
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Adaptive rationality in strategic interaction : do emotions regulate thinking about others?
Ehrig, Timo; Manjaly, Jaison A.; Singh, Aditya; Sunder, … - In: Strategy Science 7 (2022) 4, pp. 330-349
interactions in and across organizations. In the game-theoretic conception of rationality, agents reason iteratively about each … on what others think about their thinking. Drawing on a controlled experiment, we find that a negative emotion (fear … Special Issue on Bounded Rationality and Strategic Interaction. …
Persistent link: https://www.econbiz.de/10014293219
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Rational reasoning or adaptive behavior? : evidence from two-person beauty contest games
Grosskopf, Brit; Nagel, Rosemarie - 2007
Persistent link: https://www.econbiz.de/10008662794
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Beliefs about other players : experimental evidence
Weizsäcker, Georg - 2004
Persistent link: https://www.econbiz.de/10003387654
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Ökonomisches Kalkül und Fairness : zur Diskrepanz spieltheoretischer und experimenteller Verhaltensweisen
Stadler, Manfred - In: Wirtschaftspolitik zwischen gesellschaftlichen …, (pp. 69-87). 1998
Persistent link: https://www.econbiz.de/10001304898
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Learning and Disagreement in an Uncertain World
Acemoglu, Daron - 2010
Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption most often justified by the argument that sufficient common experiences and observations will eliminate disagreements. We investigate this claim using a simple model of Bayesian...
Persistent link: https://www.econbiz.de/10012760581