What on earth are economic theorists like me trying to accomplish? The paper discusses four dilemmas encountered by an economic theorist: i) the dilemma of absurd conclusions: should we abandon a model if it produces absurd conclusions or should we regard a model as a very limited set of...

Lecture audiences and students were asked to respond to virtual decision and game situations at gametheory.tau.ac.il. Several thousand observations were collected and the response time for each answer was recorded. There were significant differences in response time across responses. It is...

The article questions the methodology of "economics and psychology" in its focus on the case of hyperbolic discounting. Using some experimental results, I argue that the same type of evidence, which rejects the standard constant discount utility functions, can just as easily reject hyperbolic...

Books reviewed in this article: Gordon Fletcher, Understanding Dennis Robertson: The Man and His Work Robert G. Chambers and John Quiggin, Uncertainty, Production, Choice, and Agency John Ravenhill, APEC and the Construction of Pacific Rim Regionalism Stephan Boehm, Christian Gehrke, Heinz D....

We asked subjects to self-select into one of two contests, "coin" or "die." The winner in each of the contests is the person with most correct guesses of 20 coin flips or 20 rolls of a die, respectively. Most subjects reported that they believed that most people would go to the "coin" group....