Theories about unique equilibrium selection are often rejected in experimental investigations. We drop the idea of selecting a single prominent equilibrium but suggest the coexistence of different beliefs about "appropriate" equilibrium or non-equilibrium play. Our main selection criterion is...

Students participating in centralized admissions procedures do not typically have access to the information used to determine their matched school, such as other students' preferences or school priorities. This can lead to doubts about whether their matched schools were computed correctly (the...

How does the inflation tax impact on buyers’ and sellers’ behaviour? How strong is its effect on aggregate economic activity? To answer, we develop a model of directed search and monetary exchange with inflation. In the model, sellers post prices, which buyers observe before deciding on cash...

ROC curves from the signal detection literature are used in an evolutionary analysis of one-shot and repeated prisoners' dilemmas: showing if there is any discounting of future payoffs, or any cost of searching for an additional partner, then cooperative players who contingently participate - in...

ROC curves from the signal detection literature are used in an evolutionary analysis of one-shot and repeated prisoners' dilemmas: showing if there is any discounting of future payoffs, or any cost of searching for an additional partner, then cooperative players who contingently participate - in...

ROC curves from the signal detection literature are used in an evolutionary analysis of one-shot and repeated prisoners' dilemmas: showing if there is any discounting of future payoffs, or any cost of searching for an additional partner, then cooperative players who contingently participate - in...

ROC curves from the signal detection literature are used in an evolutionary analysis of one-shot and repeated prisoners' dilemmas: showing if there is any discounting of future payoffs, or any cost of searching for an additional partner, then cooperative players who contingently participate - in...

Students participating in centralized admissions procedures do not typically have access to the information used to determine their matched school, such as other students' preferences or school priorities. This can lead to doubts about whether their matched schools were computed correctly (the...

During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...