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Kern, Johannes; Granic, Dura-Georg - 2013

This paper presents a class of finite n x n bimatrix (2-player) games we coin Circulant Games. In Circulant Games, each player's payoff matrix is a circulant matrix, i.e.\ each row vector is rotated one element relative to the preceding row vector. We show that when the payoffs in the first row...

Persistent link: https://www.econbiz.de/10010329537

Endogenous Social Identity and Group Choice

Mechtel, Mario; Hett, Florian; Kröll, Markus - 2014

This paper tests social identity theory with respect to individuals' self-identification behavior. We report results from a laboratory experiment in which subjects choose their group membership, which is interpreted as decision to identify with the respective group. Inducing a trade-off between...

Persistent link: https://www.econbiz.de/10010396673

Dynamic Contests with Feedback and Heterogeneity: Empirical Evidence from a Gaming App

Hett, Florian - 2014

This paper empirically analyzes how performance feedback and information on heterogeneity affect behavior in dynamic contests, using data on two-player-contests from a smartphone/tablet application called ``Wordblitz for Friends''. We find that players increase output as underdogs and decrease...

Persistent link: https://www.econbiz.de/10010397024

Contract Enforcement by the Gods

Schumacher, Heiner; Hadnes, Myriam - 2010

We propose a theory that explains why rational agents start to believe in a causal relationship between unrelated events. Agents send and collect messages through a communication network. If they are convinced of a relationship between two events, they send messages confirming their belief with...

Persistent link: https://www.econbiz.de/10010301551

Think, but Not Too Much: A Dual-Process Model of Willpower and Self-Control

Alos Ferrer, Carlos - 2013

Dual-process theories view decisions as the result of the interaction of two qualitatively different types of processes, automatic/impulsive and controlled/deliberative. This paper considers a model of self-control where each decision can be taken by either an automatic process or a deliberative...

Persistent link: https://www.econbiz.de/10010329527

Reference-Dependent Bidding in Dynamic Auctions

Ott, Marion; Ehrhart, Karl-Martin - 2014

We investigate equilibrium bidding behavior of bidders with reference-dependent preferences and independent private values in single-unit English and Dutch clock auctions. Bidders' reference points are endogenous and determined by their strategy and their beliefs about the other bidders. In...

Persistent link: https://www.econbiz.de/10010396998

Expectation-Based Loss Aversion and Strategic Interaction

Dato, Simon; Müller, Daniel; Grunewald, Andreas - 2015

This paper provides a comprehensive analysis regarding strategic interaction under expectation-based loss-aversion. First, we develop a coherent framework for the analysis by extending the equilibrium concepts of K szegi and Rabin (2006, 2007) to strategic interaction and demonstrate how to...

Persistent link: https://www.econbiz.de/10011301543

Are Economists Rational? On the Rationality of the 'Rational Choice' Paradigm

Binswanger, Johannes - 2010

Today, an overwhelming part of academic analysis is based on the rational choice paradigm. This is true, in particular … restriction of rational choice is really in the interest of an efficient production of knowledge. Since rational choice is such a … implemented in practice. I also discuss how the restriction on the rational choice methodology may reflect a form of non …

Persistent link: https://www.econbiz.de/10010270102

A Note on Measuring Risk Aversion

Maier, Johannes; Rüger, Maximilian - 2010

In this paper we propose a new method to elicit the intensity of individual's risk preferences. Our method uses a simple multiple price-list format and is based on the increasing risk definitions of Rothschild and Stiglitz (1970, 1971). We are thus able to classify individuals as more or less...

Persistent link: https://www.econbiz.de/10010270249

Disrupting the prefrontal cortex diminishes the human ability to build a good reputation

Schunk, Daniel; Fehr, Ernst; Knoch, Daria; Schneider, … - 2010

Reputation formation pervades human social life. In fact, many people go to great lengths to acquire a good reputation, although building a good reputation is costly in many cases. We know little, however, about the neural underpinnings of this important social mechanism. In the present study we...

Persistent link: https://www.econbiz.de/10010276716