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We explore issues in theory-driven choice modeling by focusing on partial-equilibrium models of dynamic structural demand with forward-looking decision-makers, full equilibrium models that integrate the supply side, integration of bounded rationality in dynamic structural models of choice and...
Persistent link: https://www.econbiz.de/10005680438
Noncooperative game theory combines strategic thinking, best-response, and mutual consistency of beliefs and choices (equilibrium). Hundreds of experiments show that in actual behavior these three forces are limited, even when subjects are highly motivated and analytically skilled (Camerer,...
Persistent link: https://www.econbiz.de/10005821967
No abstract available.
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Persistent link: https://www.econbiz.de/10009198112
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Persistent link: https://www.econbiz.de/10009204205
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Persistent link: https://www.econbiz.de/10009217999
Persistent link: https://www.econbiz.de/10011161940
Behavioral Operations Management investigates new developments around behavioral components - "people issues" - in operations management (OM). While these "people issues" are not new, OM has not dealt with them in a serious or consistent manner until the last 10 years or so. What is new is the...
Persistent link: https://www.econbiz.de/10010883400