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An essay on decision theory with imperfect recall

Ambrus-Lakatos, Loránd - 1999

In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably examined. I introduce a strategy concept which is an extension of the standard concept employed since von Neumann and Morgenstern, and show how it may provide optimal solutions...

Persistent link: https://www.econbiz.de/10011545421

Heuristic centered-belief players

Wolff, Irenaeus - 2023

Persistent link: https://www.econbiz.de/10014282438

Bounded memory, reputation, and impatience

Sperisen, Benjamin - 2016

Persistent link: https://www.econbiz.de/10011456788

Selective sampling with information-storage constraints

Jehiel, Philippe; Steiner, Jakub - 2019

Persistent link: https://www.econbiz.de/10012234587

Biased beliefs in search markets

Gamp, Tobias; Krähmer, Daniel - 2022

We study the implications of biased consumer beliefs for search market outcomes in the seminal framework due to Diamond (1971). Biased consumers base their search strategy on a belief function which specifies for any (true) distribution of utility offers in the market a possibly incorrect...

Persistent link: https://www.econbiz.de/10014476790

Concentration bias in intertemporal choice

Dertwinkel-Kalt, Markus; Gerhardt, Holger; Riener, Gerhard - 2021

disadvantages are dispersed over numerous periods. We provide novel experimental evidence for "concentration bias", the tendency to … days in exchange for a bonus that is concentrated in time: concentration bias increases subjects' willingness to work by 22 … monetary payments, we study the mechanisms behind concentration bias and demonstrate the robustness of our findings. …

Persistent link: https://www.econbiz.de/10012500576