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Quality disclosure under consumer loss aversion

Zhang, Jianqiang; Li, Jiaoyang - In: Management science : journal of the Institute for … 67 (2021) 8, pp. 5052-5069

Persistent link: https://www.econbiz.de/10012625089

Toward an information-processing theory of loss aversion

Villas-Boas, J. Miguel - In: Marketing science 43 (2024) 3, pp. 523-541

Persistent link: https://www.econbiz.de/10014529242

Bounded rationality in Keynesian beauty contests : a lesson for central bankers?

Mauersberger, Felix; Nagel, Rosemarie; Bühren, Christoph - 2020

The great recession (2008) triggered an apparent discrepancy between empirical findings and macroeconomic models based on rational expectations alone. This gap led to a series of recent developments of a behavioral microfoundation of macroeconomics combined with the underlying experimental and...

Persistent link: https://www.econbiz.de/10012231504

Experiments in economics : a survey

Gupta, Gautam - In: Studies in microeconomics 7 (2019) 1, pp. 89-109

Persistent link: https://www.econbiz.de/10012159968

Economic harmony : a rational theory of fairness and cooperation in strategic interactions

Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21

-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …

Persistent link: https://www.econbiz.de/10013252726

A theory of reciprocity

Falk, Armin; Fischbacher, Urs - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10011398368