Showing 1 - 10 of 76
The general framework of decision emergence (Güth, 2000a) is applied to the specific decision task of a proposer in ultimatum bargaining, i.e. to choosing how much the responder should be offered. For this purpose the "Master Module" as well as its submodules "New Problem Solver", "Adaptation...
Persistent link: https://www.econbiz.de/10009583892
Robust learning experiments confront participants with structurally different decision environments which they encounter, furthermore, repeatedly. Since the decision format does not depend on the rules (of game), forward looking deliberation (the shadow of the future) can be detected by...
Persistent link: https://www.econbiz.de/10009612041
Deriving advice that can in fact be utilized by boundedly rational decision makers is a central function of modeling choice making. We illustrate why this role is not being fulfilled well by standard models of full rationality and that theories of bounded rationality are needed not only for...
Persistent link: https://www.econbiz.de/10009612562
Persistent link: https://www.econbiz.de/10001473740
Persistent link: https://www.econbiz.de/10001481248
Persistent link: https://www.econbiz.de/10001485461
Persistent link: https://www.econbiz.de/10001579570
A general framework is described specifying how boundedly rational decision makers generate their choices. Starting from a "Master Module" which keeps an inventory of previously successful and unsuccessful routines several submodules can be called forth which either allow one to adjust behavior...
Persistent link: https://www.econbiz.de/10001524427
Persistent link: https://www.econbiz.de/10000964399
Persistent link: https://www.econbiz.de/10001701335