Strategic interaction occurs whenever it depends on others what one finally obtains: on markets, in firms, in politics etc. Game theorists analyse such interaction normatively, using numerous different methods. The rationalistic approach assumes perfect rationality whereas behavioral theories...

A social dilemma is a game which at first glance has only inefficient solutions. If efficient solutions are to be achieved, some kind of cooperation among the players is required. This book asks two basic questions, closely intertwined with each other: 1. How is cooperation possible among...

The stock price clustering phenomenon has been studied in the context of numerical perception and response. The numerical response process of the theory of prominence models how persons generate numerical responses if they have diffuse numerical information (know a range of reasonable...

The selection between Pareto-optimal outcomes in two-person bargaining with the right to make a proposal and without this right are considered. Concepts for the selection without the right to make a proposal are the Nash criterion, the Kalai-Smorodinsky criterion, the egalitarian solution, the...