Showing 31 - 40 of 2,243
Whereas orthodox game theory relies on the unrealistic assumption of (commonly known) perfect rationality, participants in game playing experiments are at best boundedly rational. This makes it necessary to supplement orthodox game theory by a behavioral theory of game playing. We first point...
Persistent link: https://www.econbiz.de/10009612012
Robust learning experiments confront participants with structurally different decision environments which they encounter, furthermore, repeatedly. Since the decision format does not depend on the rules (of game), forward looking deliberation (the shadow of the future) can be detected by...
Persistent link: https://www.econbiz.de/10009612041
Persistent link: https://www.econbiz.de/10003842333
Similar to welfare economics where with(out) interpersonal comparisons one defines unique (set-valued) welfare (Pareto) optima, we present a framework for one-person decision making where with(out) a prior probability distribution individual optimality prescribes usually a unique (set of)...
Persistent link: https://www.econbiz.de/10003733760
Persistent link: https://www.econbiz.de/10011296489
Persistent link: https://www.econbiz.de/10001776686
Persistent link: https://www.econbiz.de/10001346976
Persistent link: https://www.econbiz.de/10001481248
Persistent link: https://www.econbiz.de/10001701335
Persistent link: https://www.econbiz.de/10001744253