Have you ever purchased an item only to notice a short while later that its price was reduced? Many retailers now offer to refund customers the full price difference as long as the price discount occurred within a specified short period of time after the original purchase (e.g. Amazon, Walmart,...

We study the play of mutual interests games by satisficing decision makers. We show that, for a high enough initial aspiration level, and under certain assumptions of "tremble," there is a high probability (close to unity) of convergence to the Pareto dominant cooperative outcome. Simulations...

In this study, we demonstrate empirical evidence supporting the game theoretic argument that the presence of online reviews can curtail branded firms' quality advantage over independent firms due to signaling in experience good markets. Exploiting heterogeneous review platform penetration rates...

People make a wide variety of choices as consumers, managers, employers, and regulators. Most of these choices are not made in a vacuum but rather in a context of strategic interactions that make individual payoffs interdependent across the decision makers. This payoff interdependence leads to...