identical goods is inconsistent with the standard model of price competition among identical firms, which predicts that all …

. Although there are empirical findings suggesting an influence of such prior experiences on the subsequent behavior, normative … as well as descriptive decision and game theory have not provided yet a thorough theoretical treatment of these effects …. Therefore, this thesis develops first a theoretical fundament. It is based on the Cumulative Prospect Theory, which is extended …

of behavior by someone else. Such passive errors may also trigger a search for new and better strategies, but the nature … behavior in any game with generic payoffs and at least one pure Nash equilibrium. Unlike regret testing (Foster and Young, 2006 …

hotspot to compete for the same group of customers, leading to an inevitable price competition. The charged price and the … providers' revenue and social welfare. In this paper, we set up a novel game model to analyze a duopoly price competition. We …

Critics of the trait approach to the study of entrepreneurship have called for adaptation of theory from other … disciplines to explain entrepreneurial behavior. This study responds by focusing on the first step in the process by which … entrepreneurial career preference is developed. Social Learning Theory was used to investigate the link between a parent role model …