Showing 1 - 4 of 4
Human decision making is a process guided by different and partly competing mo-tivations that can each dominate behavior and lead to different effects depending on strength and circumstances. “Over-stylizing” neglects such competing concerns and context-dependence, although it facilitates...
Persistent link: https://www.econbiz.de/10005866432
Taking seriously the philosophical foundations of classical strategic theories of choice-making we scrutinize to what extent planning on on equilibrium strategies can be justified "eductively" among rational players and how this can be utilized to analyze games by their "game-like"...
Persistent link: https://www.econbiz.de/10005866970
This paper brings together views on choice making as have been developed in philosophy, psychology, and economics. Starting from specific examples the relative merits of different approaches are discussed. The conclusion that models of boundedly rational behavior are the future of social science...
Persistent link: https://www.econbiz.de/10005866973
Fairness is a strong concern as shown by dictator and ultimatum experiments. Efficiency, measured by the sum of individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants can increase efficiency by gift giving. In the one-sided...
Persistent link: https://www.econbiz.de/10005867006