Search Results - subject:"individual utility"

What you gotta know to play good in the iterated prisoner's dilemma

Akin, Ethan - In: Games 6 (2015) 3, pp. 175-190

For the iterated Prisoner's Dilemma there exist good strategies which solve the problem when we restrict attention to the long term average payoff. When used by both players, these assure the cooperative payoff for each of them. Neither player can benefit by moving unilaterally to any other...

Persistent link: https://www.econbiz.de/10011709846

What you gotta know to play good in the iterated prisoner's dilemma

Akin, Ethan - In: Games 6 (2015) 3, pp. 175-190

Persistent link: https://www.econbiz.de/10011316625

Don't aim too high: The potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - 2008

The higher our aspirations, the higher the probability that we have to adjust them downwards when forming more realistic expectations later on. This paper shows that the costs induced by high aspirations are not trivial. We first develop a theoretical framework to identify the factors that...

Persistent link: https://www.econbiz.de/10010263715

Don’t aim too high: the potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008

on cheap talk. JEL classification: D11, D84, C91 Keywords: aspirations, reference state, expectations, individual utility … individual utility function U = ua(xA)bracehtipupleft bracehtipdownrightbracehtipdownleft bracehtipupright t=1 +ua … can rule out a negative effect of xA onintegraltext x v(x|r), no costs of high aspirations on individual utility must be …

Persistent link: https://www.econbiz.de/10005677970

Don't aim too high: the potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - 2007

Persistent link: https://www.econbiz.de/10010263846

Don't aim too high: the potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - Wirtschaftswissenschaftliche Fakultät, … - 2007

The higher our aspirations, the higher the probability that we have to adjust them downwards when forming more realistic expectations later on. This paper shows that the costs induced by high aspirations are not trivial. We ?rst develop a theoretical framework to identify the factors that...

Persistent link: https://www.econbiz.de/10005090462

From moral welfarism to technical non-welfarism : A step back to Bentham’s felicific calculus of its members

Baujard, A. - Centre de Recherche en Économie et Management (CREM) - 2006

A focus on the information used in Bentham’s felicific calculus sheds new light on the contemporary debate in normative economics opposing non-welfarism to welfarism. As a utilitarian, Bentham is de facto welfarist on a moral sense. Unexpectedly, this study shows Bentham resorts to...

Persistent link: https://www.econbiz.de/10005827424

A NEW MARKETING SEGMENTATION APPROACH BASED ON MARGINAL INDIVIDUAL UTILITIES: APPLYING CRM IS NOT A CHIMERA ANYMORE

Más, Francisco J.; Nicolau, Juan Luis - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

In the advent of Customer Relationship Management, a more accurate profile of the consumer is needed. The objective of this paper is to show the usefulness of knowing consumer¿s complete utility function through his/her marginal utilities. This approach allows one to form groups of individuals...

Persistent link: https://www.econbiz.de/10005212546

Individual Utility in a Context of Asymetric Sensitivity to Pleasure and Pain: An Interpretation of Bentham's Felicific Calculus

Lapidus, André; Sigot, Nathalie - HAL - 2000

This paper aims at exploring, in a formal way, Bentham's statement that “the pleasure of gaining is not equal to the evil of losing”, which belongs to those aspects of the principle of utility left aside by Jevon's reconstruction. Consequently, the agent's preference order will be viewed as...

Persistent link: https://www.econbiz.de/10008790544