Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
971348 | The Journal of Socio-Economics | 2010 | 8 Pages |
Abstract
The satisficing approach is generalized and applied to finite n-person games. We formally define the concept of satisficing and propose a theory that allows satisficing players to make “optimal” decisions without being equipped with any prior. We also review some experiments on strategic games illustrating and partly supporting our theoretical approach.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Werner Güth, M. Vittoria Levati, Matteo Ploner,