Zobrazeno 1 - 10
of 201
pro vyhledávání: '"Reinhard Selten"'
Autor:
Gerd Gigerenzer, Reinhard Selten
In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore thes
Autor:
Reinhard Selten, Tibor Neugebauer
We study the behavioral dynamics of limit orders in simultaneous experimental call-auction markets with multiple multi-period lived securities. As analytical decision variable we use excess bids; the number of submitted bids minus the number of offer
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8830f992d54f4fad57573cdd353b79c7
http://orbilu.uni.lu/handle/10993/40505
http://orbilu.uni.lu/handle/10993/40505
Publikováno v:
Organization Science. 27:1417-1434
In a laboratory experiment involving a complex multiperiod investment problem beset by rare adverse events, we investigated the effectiveness of a decision process intervention that involved decisions being elicited as a comprehensive system of short
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c8a7a4f60f65c657d895ed38a50da1b2
https://doi.org/10.1287/orsc.2016.1095
https://doi.org/10.1287/orsc.2016.1095
Autor:
Reinhard Selten, Ronald M. Harstad
Publikováno v:
European Economic Review. 83:213-219
Economists' policy advice is based on models of responses by a variety of economic entities to policy adoptions. There is compelling evidence that these entities do not optimize in at all the fashion that mainstream economics assumes. Rather, they li
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::81c4c606ef83c6d99056629243773ceb
https://doi.org/10.1016/j.euroecorev.2015.08.006
https://doi.org/10.1016/j.euroecorev.2015.08.006
Autor:
Andreas Orland, Reinhard Selten
Publikováno v:
Journal of Economic Behavior & Organization. 122:31-42
We conduct experiments based on the oligopoly model by Kreps and Scheinkman (1983) to assess the impact of demand side concentration on market outcomes. Both buyers and sellers in our markets are humans. The number of firms is fixed at three in all t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d064e182209cf00ad84b9bd5442773af
https://doi.org/10.1016/j.jebo.2015.11.016
https://doi.org/10.1016/j.jebo.2015.11.016
Autor:
Axel Ockenfels, Reinhard Selten
Publikováno v:
Production and Operations Management. 24:1901-1906
Human subjects in the newsvendor game place suboptimal orders: orders are typically between the expected profit-maximizing quantity and mean demand (“pull-to-center bias”). In previous work, we have shown that impulse balance equilibrium (IBE), w
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2da6ce789abecd5dd2e8e23c3c310bca
https://doi.org/10.1111/poms.12399
https://doi.org/10.1111/poms.12399
Publikováno v:
SSRN Electronic Journal.
Research on problem solving drawing on the Carnegie School suggests that if a problem is of elevated complexity an appropriate representation is key to tackling it. However, when an appropriate representation is not in the decision maker’s knowledg
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0bb40dda2c7a27f59287a8c2e10f414e
https://doi.org/10.2139/ssrn.2927681
https://doi.org/10.2139/ssrn.2927681
Autor:
Eric van Damme, Alan G. Sanfey, Axel Ockenfels, Martin Dufwenberg, Uri Gneezy, Martin G. Kocher, Rosemarie Nagel, Hartmut Kliemt, Alvin E. Roth, Matthias Sutter, Ofer H. Azar, Gary E. Bolton, L Samuelson, Eyal Winter, Ken Binmore, Reinhard Selten, Georg Kirchsteiger
Publikováno v:
Journal of Economic Behavior & Organization
Journal of Economic Behavior & Organization, 108, 292-318. Elsevier Science BV
Journal of Economic Behavior & Organization, 108, 292-318. Elsevier Science BV
Werner Güth's ultimatum game played a key role in the development of multiple research areas, several of which are highlighted.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4a5efb9896e265426798bd61ebe69522
https://doi.org/10.1016/j.jebo.2014.10.014
https://doi.org/10.1016/j.jebo.2014.10.014
Publikováno v:
Journal of Economic Behavior & Organization. 108:40-58
We investigated in the laboratory whether gender differences in decisions made under uncertainty without information on decisions of equally informed others are robust to the availability of that information. Participants specified in each of at most
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::660f7a75710592b77a9c0143b559b4d7
https://doi.org/10.1016/j.jebo.2014.07.011
https://doi.org/10.1016/j.jebo.2014.07.011
Autor:
Reinhard Selten, Axel Ockenfels
Publikováno v:
Games and Economic Behavior. 86:237-247
One striking behavioral phenomenon is the “pull-to-center” bias in the newsvendor game: facing stochastic demand, subjects tend to order quantities between the expected profit maximizing quantity and mean demand. We show that the impulse balance
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3a606384c7c9e8f58e5f7391a6c802ed
https://doi.org/10.1016/j.geb.2014.03.012
https://doi.org/10.1016/j.geb.2014.03.012