Empirical studies in family economics usually rely on questionnaires, statistical data or panel data. Here we try to study experimentally some crucial aspects of engaging in a marriage. The female partner can end the relationship or suggest one of two forms of joint venture where more labor...

This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid function in both countries,...

Decision making, based on forward looking deliberation, assumes a cognitive representation of the causal relationships determining the consequences of behavioral choices. We refer to this perceived causal structure as the mental model which, of course, can — and in all complex environments —...

Bounded rationality and, more specifically, satisficing in game playing assumes choosing strategies by anticipating their likely consequences. Unlike orthodox game theory, one does not require optimality and rational expectations but views satisficing as a reasoning process with several possible...