Showing 1 - 10 of 1,694
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey...
Persistent link: https://www.econbiz.de/10013100140
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...
Persistent link: https://www.econbiz.de/10009687977
Persistent link: https://www.econbiz.de/10010403632
I distinguish four types of goals: self-interested, altruistic, moralistic, and moral. Moralistic goals are those that people attempt to impose on others, regardless of the others' true interests. These may become prominent in political behavior such as voting because such behavior has...
Persistent link: https://www.econbiz.de/10014114379
Like many other areas of law, the development of environmental law has been strongly influenced by notions of fairness. This should not be surprising, since environmental law has been developed by lawyers, who are self-selected to be fairness-oriented and trained to think in terms of fairness....
Persistent link: https://www.econbiz.de/10014075543
This chapter reviews recent experimental data testing game theory and behavioral models that have been inspired to explain those data. The models fall into four groups: in cognitive hierarchy or level- k models, the assumption of equilibrium is relaxed by assuming agents have beliefs about other...
Persistent link: https://www.econbiz.de/10014025449
This ambitious book is the first to present a theoretical framework for a unified analysis of both behavioral and traditional economics. It explores the ultimate factors from an evolutionary perspective in addressing why humans are predictably irrational and proposes "adaptive rationality," a...
Persistent link: https://www.econbiz.de/10015328643
Persistent link: https://www.econbiz.de/10011741407
Persistent link: https://www.econbiz.de/10011792178