Similar Search Results

Over-confidence and low-cost heuristics : an experimental investigation of choice behavior

Cicognani, Simona; Mittone, Luigi - 2014

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The authors experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. In order to disentangle different choice dynamics, they...

Persistent link: https://www.econbiz.de/10010425055

Behavioral and experimental macroeconomics and policy analysis : a complex systems approach

Hommes, Cars H. - 2018

decision heuristics. Central to our survey is the question under which conditions a complex macro-system of interacting agents … and heuristics switching models match this observed micro and macro behaviour surprisingly well. We also discuss policy …

Persistent link: https://www.econbiz.de/10011929804

Choosing a good toolkit, I : formulation, heuristics, and asymptotic properties

Francetich, Alejandro; Kreps, David M. - 2016

problem presumably resort to “sensible” decision heuristics, employing past experience and, perhaps, what they know about the … variety of heuristics, and provide some theoretical results about how the heuristics perform asymptotically. (In the second … paper, we compare the performance of these heuristics through simulations.) …

Persistent link: https://www.econbiz.de/10011864877

Learning to Respond : The Use of Heuristics in Dynamic Games

Shor, Mikhael - 2006

models accurately predict behavior. A further objective is to determine which heuristics, or rules of thumb, when …

Persistent link: https://www.econbiz.de/10014087918

Some cognitive biases during go-playing or how behavioral economics could teach us how to be better go players

Avram, Laura-Augustina - In: Review of economic studies and research Virgil Madgearu 11 (2018) 2, pp. 33-59

Persistent link: https://www.econbiz.de/10011977854

Imperfect recall and time inconsistencies : an experimental test of the absentminded driver “paradox”

Levati, M. Vittoria; Uhl, Matthias; Zultan, Ro'i - 2010

Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...

Persistent link: https://www.econbiz.de/10003980493

Can we manage first impressions in cooperation problems? : an experimental study on "Broken (and Fixed) Windows"

Engel, Christoph; Kube, Sebastian; Kurschilgen, Michael - 2011

Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...

Persistent link: https://www.econbiz.de/10009007141

An eye-tracking study of feature-based choice in one-shot games

Devetag, Giovanna; Di Guida, Sibilla; Polonio, Luca - 2013

attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve …

Persistent link: https://www.econbiz.de/10009709528

Preferences-dependent learning in the Centipede game

Gamba, Astrid; Regner, Tobias - 2015

We study experimentally whether heterogeneity of behavior in the Centipede game can be interpreted as the result of a learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the opponent's past behavior. We manipulate the...

Persistent link: https://www.econbiz.de/10011326679

The (in)elasticity of moral ignorance

Serra-Garcia, Marta; Szech, Nora - 2019

We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...

Persistent link: https://www.econbiz.de/10011987011