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Author : Werner Güth
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (319 download)
Download or read book Information, Strategic Behavior and Fairness in Ultimatum Bargaining written by Werner Güth and published by . This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Arwed Crüger
Publisher : Duncker & Humblot
ISBN 13 : 9783428507412
Total Pages : 180 pages
Book Rating : 4.5/5 (74 download)
Download or read book Bargaining theory and fairness written by Arwed Crüger and published by Duncker & Humblot. This book was released on 2015 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two new bargaining games, called "Freedom to Punish (FTP)" and "Right and Choice to Punish (RAP)", are developed, analyzed and tested by means of an experimental implementation. Hypotheses about behavior are developed, discussed and tested. The central hypotheses are aimed at the importance of freedom of choice, on the difference between the FTP game and the RAP game, and on the crowding-out of intrinsic motivation. As might have been expected, fairness plays a role in both games, represented by the frequent appearances of equal splits as well as by the frequent rejections of unfair offers.In addition to that, fairness was crowded out by the new Institution of a veto power decision, confirming the importance of the institutional setting for behavior. Contrary to the few veto power sales in the RAP game, an amazingly high number of receivers refrained from veto power in the FTP game. This significant difference has clearly been attributed to the different information conditions and the existence of a bonus. This bonus can be interpreted in terms of freedom of choice, and exploits a value for the freedom to choose for the first time in experimental economics.
Author : Christian Korth
Publisher : Springer Science & Business Media
ISBN 13 : 3642022537
Total Pages : 175 pages
Book Rating : 4.6/5 (42 download)
Download or read book Fairness in Bargaining and Markets written by Christian Korth and published by Springer Science & Business Media. This book was released on 2009-07-25 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on economic bargaining theory. Economic bargaining theory seeks to predict the outcomes of bargaining situations. In such situations, govern ments, ?rms, or individuals share a mutual interest in cooperation; however, they also have con?icting interests regarding the terms of an agreement. A classic ex ample of such a situation is wage bargaining between unions and employers. More commonplace examples also exist. For instance, a discussion between partners on how to spend an evening can be understood as a bargaining situation. Economic bargaining theory explores the relationship between bargaining situ ations and the outcomes of the bargaining. Economists have two primary reasons to show interest in this relationship. The ?rst reason is that many important human interactions, including economic interactions, are bargaining situations. The second reason is that the understanding of these situations may inform the economic theory of markets. The tool utilized in this study is the mathematical theory of games. Predictions for bargaining outcomes are developed by modeling the bargaining situation as a strategic game and using game theoretic equilibrium concepts in order to solve the game. In this approach, the speci?c identi?ed bargaining outcome depends on the assumptions underlying the model. The neoclassical and fundamental assumption is that of rational agents—called economic men—who strive to maximize their utility based on stable preferences.
Author : Valerian J. Derlega
Publisher : Academic Press
ISBN 13 : 1483261077
Total Pages : 471 pages
Book Rating : 4.4/5 (832 download)
Download or read book Cooperation and Helping Behavior written by Valerian J. Derlega and published by Academic Press. This book was released on 2013-09-25 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cooperation and Helping Behavior: Theories and Research deals with theory and research with respect to positive forms of social behavior, with emphasis on cooperation and helping behavior. Topics covered include social values and rules of fairness; cognitive processes underlying cooperation; the effects of intergroup competition and cooperation on intragroup and intergroup relationships; and altruism and the problem of collective action. Comprised of 18 chapters, this book begins with an overview of theories and research on cooperation and helping behavior, followed by a discussion on the problem of interdependence within the context of interpersonal relations. Subsequent chapters deal with cognitive processes affecting cooperation; motivational and cognitive antecedents of cooperation; the effects of intergroup competition and cooperation on intragroup and intergroup relationships; and opportunities for gaining satisfactory solutions to conflict through negotiation. Social trap analogs of social dilemmas such as the energy crisis and overpopulation are also examined, together with altruism and the problem of collective action; justice-motive theory; arousal and cost-reward theory of bystander intervention; and the psychological aspects of receiving help. The final chapter considers types of psychological mechanisms underlying prosocial behavior and its development. This monograph will be of value to students and researchers in the field of psychology.
Author : Karen Donohue
Publisher : John Wiley & Sons
ISBN 13 : 1119138302
Total Pages : 688 pages
Book Rating : 4.1/5 (191 download)
Download or read book The Handbook of Behavioral Operations written by Karen Donohue and published by John Wiley & Sons. This book was released on 2018-11-06 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of behavioral operations management that puts the focus on new and trending research in the field The Handbook of Behavioral Operations offers a comprehensive resource that fills the gap in the behavioral operations management literature. This vital text highlights best practices in behavioral operations research and identifies the most current research directions and their applications. A volume in the Wiley Series in Operations Research and Management Science, this book contains contributions from an international panel of scholars from a wide variety of backgrounds who are conducting behavioral research. The handbook provides succinct tutorials on common methods used to conduct behavioral research, serves as a resource for current topics in behavioral operations research, and as a guide to the use of new research methods. The authors review the fundamental theories and offer frameworks from a psychological, systems dynamics, and behavioral economic standpoint. They provide a crucial grounding for behavioral operations as well as an entry point for new areas of behavioral research. The handbook also presents a variety of behavioral operations applications that focus on specific areas of study and includes a survey of current and future research needs. This important resource: Contains a summary of the methodological foundations and in-depth treatment of research best practices in behavioral research. Provides a comprehensive review of the research conducted over the past two decades in behavioral operations, including such classic topics as inventory management, supply chain contracting, forecasting, and competitive sourcing. Covers a wide-range of current topics and applications including supply chain risk, responsible and sustainable supply chain, health care operations, culture and trust. Connects existing bodies of behavioral operations literature with related fields, including psychology and economics. Provides a vision for future behavioral research in operations. Written for academicians within the operations management community as well as for behavioral researchers, The Handbook of Behavioral Operations offers a comprehensive resource for the study of how individuals make decisions in an operational context with contributions from experts in the field.
Author : Karen Donohue
Publisher : John Wiley & Sons
ISBN 13 : 1119138310
Total Pages : 631 pages
Book Rating : 4.1/5 (191 download)
Download or read book The Handbook of Behavioral Operations written by Karen Donohue and published by John Wiley & Sons. This book was released on 2018-10-16 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of behavioral operations management that puts the focus on new and trending research in the field The Handbook of Behavioral Operations offers a comprehensive resource that fills the gap in the behavioral operations management literature. This vital text highlights best practices in behavioral operations research and identifies the most current research directions and their applications. A volume in the Wiley Series in Operations Research and Management Science, this book contains contributions from an international panel of scholars from a wide variety of backgrounds who are conducting behavioral research. The handbook provides succinct tutorials on common methods used to conduct behavioral research, serves as a resource for current topics in behavioral operations research, and as a guide to the use of new research methods. The authors review the fundamental theories and offer frameworks from a psychological, systems dynamics, and behavioral economic standpoint. They provide a crucial grounding for behavioral operations as well as an entry point for new areas of behavioral research. The handbook also presents a variety of behavioral operations applications that focus on specific areas of study and includes a survey of current and future research needs. This important resource: Contains a summary of the methodological foundations and in-depth treatment of research best practices in behavioral research. Provides a comprehensive review of the research conducted over the past two decades in behavioral operations, including such classic topics as inventory management, supply chain contracting, forecasting, and competitive sourcing. Covers a wide-range of current topics and applications including supply chain risk, responsible and sustainable supply chain, health care operations, culture and trust. Connects existing bodies of behavioral operations literature with related fields, including psychology and economics. Provides a vision for future behavioral research in operations. Written for academicians within the operations management community as well as for behavioral researchers, The Handbook of Behavioral Operations offers a comprehensive resource for the study of how individuals make decisions in an operational context with contributions from experts in the field.
Author : Julia Wilnhammer
Publisher : GRIN Verlag
ISBN 13 : 3668972206
Total Pages : 52 pages
Book Rating : 4.6/5 (689 download)
Download or read book The Impact of Social Distance and Communication on Subjects’ Behavior in Ultimatum Games written by Julia Wilnhammer and published by GRIN Verlag. This book was released on 2019-07-03 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2017 in the subject Sociology - Individual, Groups, Society, grade: 1,0, Technical University of Munich (Chair of Corporate Management), language: English, abstract: The discrepancy between real-life and laboratory settings regarding anonymity is relevant for researchers concerning the realism of their findings. To close this gap, some studies began to shed light on altering the social embedding of experiments, e.g. by varying the degree of anonymity and social distance between players and incorporating communication. This work presents a selective review of studies covering these issues and compares those findings. Results show that decreased social distance leads to higher offers from the proposer and to a decreased acceptance threshold of the mean responder. After communicating with the responder, proposers offer a higher amount. Responders increase their acceptance threshold in treatments with game-related discussions, but do not adjust it after game-free conversations. The implications of these findings and the determinants of players’ behavior in the Ultimatum game are clarified. Thereby, this work outlines researchers’ endeavor of reaching higher levels of realism for results in Ultimatum game experiments. It closes by indicating the trade-off between the precision of laboratory experiments, which maintain anonymity, and enhanced realism of experiments which manage to design more field-like settings.
Author : Reinhard Tietz
Publisher : Springer Science & Business Media
ISBN 13 : 3642483569
Total Pages : 369 pages
Book Rating : 4.6/5 (424 download)
Download or read book Bounded Rational Behavior in Experimental Games and Markets written by Reinhard Tietz and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book reports on recent experimental research on expectations and decision making in bargaining, markets, auctions, or coalition formation situations. The investi- gated topics deliver building stones for a bounded rational theory as an approach to explain behavior and interpersonal interactions in economic and social relationships.
Author : Stefan Napel
Publisher : Springer Science & Business Media
ISBN 13 : 3642561608
Total Pages : 193 pages
Book Rating : 4.6/5 (425 download)
Download or read book Bilateral Bargaining written by Stefan Napel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates bargaining between two agents. Its objective is to present, to extend, and to apply the present state of theoretical knowledge. A wide range of questions will be considered: First of all, will two parties reach efficient agreements? Traditional economic theory gives a generally affirma tive answer for perfectly rational agents, who can carry out complex calcu lations instantaneously and without cost. The book uses innovative methods to analyse the implications of less demanding assumptions. A practical ques tion related to bargaining is: How much power does the design of institutions such as the U. N. Security Council give to each of its members? Formally, non permanent members' votes are necessary to pass resolutions, but theoretical investigation of pre-voting negotiation attributes all power to the five perma nent members. Or one may ask whether a society should rather finance the education in higher mathematics for a talented person than remedial training for a retarded person? Different concepts of justice yield different answers. Which particular concept is implemented in a given society is also a matter of bargaining, and it is of special philosophical interest to investigate which bargain will be struck in an ideal society in which individual talents and resources are not yet known. Very generally, a bilateral bargaining situation is characterized by two agents - individuals, firms, governments, etc.
Author : David Austen-Smith
Publisher : Springer Science & Business Media
ISBN 13 : 354027295X
Total Pages : 332 pages
Book Rating : 4.5/5 (42 download)
Download or read book Social Choice and Strategic Decisions written by David Austen-Smith and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks' research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing.
Author : Charles R. Plott
Publisher : Elsevier
ISBN 13 : 0444826424
Total Pages : 1175 pages
Book Rating : 4.4/5 (448 download)
Download or read book Handbook of Experimental Economics Results written by Charles R. Plott and published by Elsevier. This book was released on 2008-08-21 with total page 1175 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appears blurred and may produce uncertain results. The contributors to this volume have provided brief notes describing specific experimental results.
Author : Nick Wilkinson
Publisher : Bloomsbury Publishing
ISBN 13 : 1350306126
Total Pages : 616 pages
Book Rating : 4.3/5 (53 download)
Download or read book An Introduction to Behavioral Economics written by Nick Wilkinson and published by Bloomsbury Publishing. This book was released on 2017-12-16 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third edition of this successful textbook is a comprehensive, rigorous survey of the major topics in the field of behavioral economics. Building on the strengths of the second edition, it offers an up-to-date and critical examination of the latest literature, research, developments and debates in the field. Offering an inter-disciplinary approach, the authors incorporate psychology, evolutionary biology and neuroscience into the discussions. And, ultimately, they consider what it means to be 'rational', why we so often indulge in 'irrational' and self-harming behavior, and also why 'irrational' behavior can sometimes serve us well. A perfect book for economics students studying behavioural economics at higher undergraduate level or Master's level. This new edition features: - Extended material on heuristics and biases, and new material on neuroeconomics and its applications - A wealth of new topical case studies, such as voting behavior in Brexit and the Trump election and the current obesity epidemic - More examples and review questions to help cement understanding
Author : Allan Richard Young
Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (318 download)
Download or read book Bargaining Under Incomplete Information written by Allan Richard Young and published by . This book was released on 1983 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400840880
Total Pages : 569 pages
Book Rating : 4.4/5 (8 download)
Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.
Author : Jordan Wells
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Strategic Self-Interest Can Explain Seemingly 'Fair' Offers in the Ultimatum Game written by Jordan Wells and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral and economic analysis of law fundamentally depends on understanding what motivates individual actors. While it is often assumed that people care only about maximizing their own monetary payoff, recent experimental work has challenged this assumption. A canonical example involves experiments using the “Ultimatum Game”, which consistently find much higher rates of equitable bargaining behavior than would be expected based on rational self-interest. It has been argued that this prevalence of equitable offers in one-shot anonymous interactions is at least partially explained by proposers having a preference for fair outcomes. We, however, argue that equitable offers in the Ultimatum Game can be entirely explained by the strategic reasoning of rational self-interested proposers. We introduce a modified version of the game in which prosocial motivations related to fairness are completely removed. In our experiment, the only reason to make a non-zero offer is the strategic desire to avoid one's proposal being rejected by one's counterparty. We find no significant difference in offers between this design and a standard ultimatum game. These results indicate that self-interest alone is sufficient to explain the observed equitable offers, and call into question the sentiment that innate generosity can be even partially relied upon as a motivator in the context of inherently adversarial bargaining interactions.
Author : C. M. Capra
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363336
Total Pages : 448 pages
Book Rating : 4.7/5 (853 download)
Download or read book Handbook of Experimental Game Theory written by C. M. Capra and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this Handbook is twofold: to educate and to inspire. It is meant for researchers and graduate students who are interested in taking a data-based and behavioral approach to the study of game theory. Educators and students of economics will find the Handbook useful as a companion book to conventional upper-level game theory textbooks, enabling them to compare and contrast actual behavior with theoretical predictions. Researchers and non-specialists will find valuable examples of laboratory and field experiments that test game theoretic propositions and suggest new ways of modeling strategic behavior. Chapters are organized into several sections; each section concludes with an inspirational chapter, offering suggestions on new directions and cutting-edge topics of research in experimental game theory.
Author : Giovanni Battista Dagnino
Publisher : Taylor & Francis
ISBN 13 : 0415438985
Total Pages : 330 pages
Book Rating : 4.4/5 (154 download)
Download or read book Coopetition Strategy written by Giovanni Battista Dagnino and published by Taylor & Francis. This book was released on 2009 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the theories of co-opetition and follows this up with empirically based case studies as well as experimental evidence from the laboratory and will be of interest to those involved with strategic management.
