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Strategic choice of preferences : the persona model

Wolpert, David H.; Jamison, Julian; Newth, David; … - 2010

We introduce a modification to the two-timescale games studied in the evolution of preferences (EOP) literature. In this modification, the strategic process occurring on the long timescale is learning by an individual across his or her lifetime, not natural selection operating on genomes over...

Persistent link: https://www.econbiz.de/10008663363

Direct Tests of Individual Preferences for Efficiency and Equity

Cox, James C.; Sadiraj, Vjollca - 2011

Departures from "economic man" behavior in many games in which fairness is a salient characteristic are now well documented in the experimental economics literature. These data have inspired development of models of social preferences that assume agents have preferences for equity and efficiency...

Persistent link: https://www.econbiz.de/10014185562

Expressed Preferences and Behavior in Experimental Games

Charness, Gary; Rabin, Matthew - 2004

Participants in experimental games typically can only choose actions, without making comments about other participants' future actions. In sequential two-person games, we allow first movers to express a preference between responder choices. We find that responder behavior differs substantially...

Persistent link: https://www.econbiz.de/10014093709

Doing it Now, Later, or Never

Cingiz, Kutay - 2015

We study centipede games played by an infinite sequence of players. Following the literature on time-inconsistent preferences, we distinguish two types of decision makers, naive and sophisticated, and the corresponding solution concepts, naïve ϵ-equilibrium and sophisticated ϵ-equilibrium. We...

Persistent link: https://www.econbiz.de/10013019269

Partition Obvious Preference and Mistrust in Mechanism Design : Theory and Experiment

Zhang, Luyao - 2019

choose a dominated strategy, which contradicts with current economic theory. To bridge this gap between theory and evidence … a broad range of evidence for the choice of dominated strategies. Second, we extend the theory to game theory and … rational agents or agents who mistrust the market makers. Third, we test and verify our theory and its implications by a …

Persistent link: https://www.econbiz.de/10012902209

Sophisticated and Naïve Procrastination : An Experimental Study

Cerrone, Claudia - 2017

The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of their present-bias (naïve) procrastinate more than individuals who are aware of it (sophisticated) or are not present-biased (time-consistent). This paper tests this prediction. We...

Persistent link: https://www.econbiz.de/10012956187

Large effects of small cues : priming selfish economic decisions

Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024 - Revised: April 21, 2024

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Persistent link: https://www.econbiz.de/10014531967

The behavioral impact of emotions in a power-to-take game : an experimental study

Bosman, Ronald; Winden, Frans A. A. M. van - 2000

The power-to-take game is a simple two player game where players are randomly divided into pairs consisting of a take authority and responder. Both players in each pair have earned an income in an individual real effort decision-making experiment preceding the take game. The game consists of two...

Persistent link: https://www.econbiz.de/10009781606

Norms, Conformity, and Controls

Tayler, William B.; Bloomfield, Robert J. - 2010

Research in behavioral economics suggests that in addition to their traditional incentive effects, formal control systems can influence psychological motivations. We extend this literature by demonstrating experimentally that formal controls directly influence people’s sense of what behaviors...

Persistent link: https://www.econbiz.de/10014224633

Strategic Choice of Preferences : The Persona Model

Wolpert, David - 2016

Persistent link: https://www.econbiz.de/10013008782