Simons̕ (1955) famous paper was one of the first to cast doubt on the validity of rational choice theory; it has been supplemented by many more papers in the last three and a half decades. Nevertheless, rational choice theory plays a crucial role in classical and neoclassical economic theory,...

Common research on decision-making investigates non-interdependent situations, i.e., games against natureʺ. However, humans are social beings and many decisions are made in social settings, where they mutually influence each other, i.e., strategic gamesʺ. Mathematical game theory gives a...

The structure of a social dilemma lies behind many environmental problems. Mingling temporal aspects of resources with the structure of the social dilemma often leads to wrong conclusions. Therefore, it is worth analytically separating temporal aspects from structural aspects of the dilemma....

Im folgenden wird zunächst an einem konkreten Beispiel illustriert, worin die Pointe der 'institutionellen Ergonomie' liegt. Anschließend wird das Gemeingutdilemma als ein wichtiges Problem für institutionelles Design vorgestellt. Anhand dieses Beispielproblems sollen dann alle weiteren...

Simon's (1955) famous paper was one of the first to cast doubt on the validity of rational choice theory; it has been supplemented by many more papers in the last three and a half decades. Nevertheless, rational choice theory plays a crucial role in classical and neoclassical economic theory,...

We experimentally study the effect of asymmetry on cooperation in a 40 period prisoner's dilemma game in fixed partner design. We distinguish between a high and low payoff symmetric prisoner's dilemma and an asymmetric game combined out of both symmetric ones. Asymmetry significantly decreases...

We experimentally investigate purchase decisions with linear and nonlinear pricing under risk. The experiment is based on a single period stochastic inventory problem with endogenous cost. It extends classic binary lottery experiments to test standard decision theoretic predictions concerning...

Socio-economic decisions are commonly explained by rational cost vs. benefit considerations, whereas person variables have not usually been considered. The present study aims at investigating the degree to which dispositional power motivation and affective states predict socio-economic...

Common research on decision-making investigates non-interdependent situations, i.e., games against nature". However, humans are social beings and many decisions are made in social settings, where they mutually influence each other, i.e., strategic games". Mathematical game theory gives a...