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Logistics commands a huge variety of dynamic developments, driven by technological, organizational as well as market changes. Within this dynamic environment, logistics management demands a competent and flexible workforce, updated by current training and qualification tools. This research paper...
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Anchoring is one of the most studied and robust behavioral biases, but there is little knowledge about its persistence in strategic settings. This article studies the role of anchoring bias in private-value auctions. We test experimentally two different anchor types. The announcement of a random...
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Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …
Persistent link: https://www.econbiz.de/10011327822
This paper examines, both theoretically and empirically, the effect of social networks and belonging to minority groups (or race) on the probability of winning in reality television shows. We develop a theoretical model that studies viewer behavior by presenting a framework of competition...
Persistent link: https://www.econbiz.de/10008689021
games. The roots of this bias are probably ideological, as there were no formal benefits for biased voting. Furthermore …
Persistent link: https://www.econbiz.de/10009572883
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This article reviews the recent literature on the econometric analysis of games where multiple solutions are possible … guide to identification and estimation strategies, I discuss games of complete and incomplete information separately …
Persistent link: https://www.econbiz.de/10009627470