کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
884548 | 912398 | 2007 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Estimating bounded rationality and pricing performance uncertainty
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper estimates bounded rationality in two outcome, strictly competitive, extensive form games of perfect information without chance moves. In the baseline sessions, the average subject can reason effectively to about rank 6. Twelve percent of these subjects have a perfect bound on their ability to achieve the substantively rational outcome: they win all simpler games and they lose all games more complicated than the estimated rationality bound. Most subjects do not have accurate expectations about their performance against a procedurally rational opponent. Usually, they value the games at more than they are likely to earn if they actually play them.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 62, Issue 4, April 2007, Pages 625–639
Journal: Journal of Economic Behavior & Organization - Volume 62, Issue 4, April 2007, Pages 625–639
نویسندگان
C. Nicholas McKinney Jr., John B. Van Huyck,