Showing 1 - 10 of 14,296
Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision … location of the equilibrium determines whether contributions are larger for fast decision-makers than for slow decision …-makers. Replicating previous results, we find that fast decision-makers give more than slow decision-makers when the equilibrium is below …
Persistent link: https://www.econbiz.de/10012925616
Evidence from studies in international relations, the politics of reform, collective action and price competition suggests that economic agents in social dilemma situations cooperate more to avoid losses than in the pursuit of gains. To test whether the prospect of losses can induce cooperation,...
Persistent link: https://www.econbiz.de/10011438253
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the … corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are … central in informing behavior in one-shot games. -- Altruism ; Inequality, Empathy ; Theory of Mind ; Behavioral Economics …
Persistent link: https://www.econbiz.de/10003980496
that any theory on the foundations of probability should be able to account for. Bayesian decision theory, which is one … would specifically connect with the SI property. The paper develops a version of Bayesian decision theory that fills this … conditions. Two sections of comments follow, one connecting the theorems with earlier results in Bayesian decision theory, and …
Persistent link: https://www.econbiz.de/10012872039
We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy and then, taking switching costs into account, he selects a strategy from which there is no profitable deviation. We axiomatically characterize this selection procedure...
Persistent link: https://www.econbiz.de/10013273768
We analyze habit formation in sports attendance utilizing rainfall as an unexpected, transitory shock to attendance costs. Using attendance data from Major League Baseball (MLB) and NOAA weather data, we analyze the impact of variation in game day weather conditions on current and future MLB...
Persistent link: https://www.econbiz.de/10012950303
Persistent link: https://www.econbiz.de/10010500913
The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
Persistent link: https://www.econbiz.de/10003887147
Theory of mind and individual preferences are important determinants in social decision making. The current study … examined in a large sample whether being a cooperative preference type is related with better theory of mind skills …. Furthermore, by testing adolescents and adults, we examined the impact of age on this relation. Theory of mind is measured in a …
Persistent link: https://www.econbiz.de/10009689352
attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve … best responding to a simplification of the decision problem, obtained either by ignoring the other players' motivations or …
Persistent link: https://www.econbiz.de/10009709528