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Evolution of non-expected utility preferences
Widekind, Sven von - Institut für Mathematische Wirtschaftsforschung, … - 2005
best responses is played. We show that Dekel, Ely and Yilankaya's result that stability of an outcome implies efficiency is …. We show that efficiency of any strategy also implies the stability of the outcome that it induces. This is in contrast to …
Persistent link: https://www.econbiz.de/10005687751
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Evolution of non-expected utility preferences
Widekind, Sven von (contributor) - 2005
according to their best responses is played. We show that Dekel, Ely and Yilankaya's result that stability of an outcome implies …2 games. We show that efficiency of any strategy also implies the stability of the outcome that it induces. This is in …-Erwartungsnutzentheorie ; Beste-Antwort-Korrespondenz ; Stabilität ; Effizienzstrategie ; Evolution of Preferences ; Non-Expected Utility Theory …
Persistent link: https://www.econbiz.de/10003731656
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The evolutionary stability of optimism, pessimism, and complete ignorance
Schipper, Burkhard - 2019
We provide an evolutionary foundation to evidence that in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and...
Persistent link: https://www.econbiz.de/10012101422
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The evolutionary stability of optimism, pessimism and complete ignorance
Schipper, Burkhard - 2005
We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...
Persistent link: https://www.econbiz.de/10010366542
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Evolution of non-expected utility preferences
von Widekind, Sven - 2005
according to their best responses is played. We show that Dekel, Ely and Yilankaya's result that stability of an outcome implies …2 games. We show that efficiency of any strategy also implies the stability of the outcome that it induces. This is in …
Persistent link: https://www.econbiz.de/10009452485
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Inferring preferences from choices under uncertainty
Kuzmics, Christoph - 2012
If a decision maker, in a world of uncertainty à la Anscombe and Aumann (1963), can choose acts according to some objective probability distribution (by throwing dice for instance) from any given set of acts, then there is no set of acts that allows an experimenter to test more than the Axiom...
Persistent link: https://www.econbiz.de/10010319975
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Inferring preferences from choices under uncertainty
Kuzmics, Christoph - 2012
If a decision maker, in a world of uncertainty à la Anscombe and Aumann (1963), can choose acts according to some objective probability distribution (by throwing dice for instance) from any given set of acts, then there is no set of acts that allows an experimenter to test more than the Axiom...
Persistent link: https://www.econbiz.de/10009509223
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Persistent ideologies in an evolutionary setting
Koch, Lars P. - 2008
game has a strict equilibrium set, we show stability of non-equivalent ideologies. We illustrate these results for generic …
Persistent link: https://www.econbiz.de/10010272545
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Ambiguity and Social Interaction
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - 2007
We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10011422157
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Coalitionally strategy-proof rules in allotment economies of homogeneous indivisible objects
Hatsumi, Kentaro; Serizawa, Shigehiro - 2007
We consider the allotment problems of homogeneous indivisible objects among agents with single-peaked and risk-averse von Neumann-Morgenstern expected utility functions. We establish that the rule satisfies coalitional strategy-proofness, same-sideness, and strong symmetry if and only if it is...
Persistent link: https://www.econbiz.de/10010332429