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To what extent is the observed mis-pricing in experimental asset markets caused by strategic uncertainty (SU) and by individual bounded rationality (IBR)? We address this question by comparing subjects initial price forecasts in two market environments - one with six human traders, and the other...
Persistent link: https://www.econbiz.de/10010933940
de prise de décision : analogique, déductif et inductif. Ces processus soulignent la complexité des relations entre les …
Persistent link: https://www.econbiz.de/10010898885
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008791266
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008791715
This paper uses experimental data to examine the existence of a teaching strategy among bounded rational players. If players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this specific end ; and forego immediate payoffs if the...
Persistent link: https://www.econbiz.de/10010750958
En un mundo progresivamente multipolar, y por tanto ante un sistema internacional cada vez más desordenado, Brasil, así como otras potencias emergentes, buscan diversificar sus relaciones comerciales ante el declive de Europa y el auge de China. De este novedoso reajuste en el tablero...
Persistent link: https://www.econbiz.de/10010701841
positions. The purpose of the study is to describe the cognitive processes by which decision-makers manage to work, individually … theoretical breakthrough may open up vistas capacity in the fields of information systems, knowledge and decision. …
Persistent link: https://www.econbiz.de/10010820571
decision-making process related to the influenza vaccination policy, identifying the actors involved, the decisions made and …, without time limit, using keywords related to influenza vaccination, decision-making and health policy. Titles and abstracts … in the USA. The decision-making process mainly concerned vaccination strategies (53%) and pandemic preparedness (28 …
Persistent link: https://www.econbiz.de/10010821208
constructive preference perspective suggested by Kahneman and Tversky. In a dynamic decision context type indeterminacy induces a …
Persistent link: https://www.econbiz.de/10010738965
In this paper we extend Savage's theory of decision-making under uncertainty from a classical environment into a non …
Persistent link: https://www.econbiz.de/10010739077