How do player groups behave in a bargaining experiment?
Author | : Heike Hennig-Schmidt |
Publisher | : |
Total Pages | : 24 |
Release | : 1996 |
Genre | : |
ISBN | : |
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Author | : Heike Hennig-Schmidt |
Publisher | : |
Total Pages | : 24 |
Release | : 1996 |
Genre | : |
ISBN | : |
Author | : Heike Hennig-Schmidt |
Publisher | : |
Total Pages | : 24 |
Release | : 1996 |
Genre | : |
ISBN | : |
Author | : Heike Hennig-Schmidt |
Publisher | : |
Total Pages | : 22 |
Release | : 1996 |
Genre | : |
ISBN | : |
Author | : Heike Hennig-Schmidt |
Publisher | : Springer Science & Business Media |
Total Pages | : 231 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642457754 |
Bilateral bargaining situations are of great importance in reality. Traditional microeconomics, however, make cognitive and motivational assumptions of subjects` full rationality that are revealed as being unrealistic by a growing number of experimental investigations. The present book adds an important contribution to the understanding of principles of boundedly rational behavior by directly observing groups of subjects in a decision situation and videotaping their discussions. A very important result of the book is that the behavior of subjects is guided by aspirations regarding the final outcome. The levels of aspirations are influenced by prominence and different forms of the equity principle resulting in several fairness norms as to the allocation of the amount of money to be divided. Another important feature of the book stems from the analysis of break off discussions and enables a motivational explanation of the emergence of breakdowns in bargaining.
Author | : Friedel Bolle |
Publisher | : Springer Science & Business Media |
Total Pages | : 259 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642574580 |
Experimental Economics has experienced a steadily growing interest by economists during the last decade. This may not surprise since laboratory and field experiments obviously provide a further valuable source of empirical evidence of economic behavior besides statistics, econometrics, polls, interviews and simulations. In an overview of the recent developments in Experimental Economics, the present book concentrates on three central themes standing in the actual research focus: bargaining, cooperation and election markets. For each one of these topics the volume presents several state-of-the-art survey articles by experts in the field, accompanied by detailed comments. While the experimental approach sheds new light on the microeconomic standard topics of bargaining and cooperation, the election market approach as a new field may provide better forecasts for political elections - and for soccer World Championships.
Author | : Reinhard Tietz |
Publisher | : Springer Science & Business Media |
Total Pages | : 369 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642483569 |
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 | : Heike Hennig-Schmidt |
Publisher | : |
Total Pages | : |
Release | : 1995 |
Genre | : |
ISBN | : |
Author | : Bettina Kuon |
Publisher | : Springer Science & Business Media |
Total Pages | : 305 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642487777 |
Think of the following situation: A project yielding a gross profit of 100 is offered to two firms. The project can only be conducted by a cooperation of the two firms. No firm is able to conduct the project alone. In order to receive the project the firms have to agree on the allocation of the gross profit. Each of both firms has an alternative project it conducts in case the joint project is not realized. The profitability of an allocation of the joint gross profit for a firm depends on the gross profit from its alternative project. The gross profit from an alternative project can be either 0 (low alternative value) or O
Author | : |
Publisher | : Ardent Media |
Total Pages | : 28 |
Release | : |
Genre | : |
ISBN | : |
Author | : Bruce Pietrykowski |
Publisher | : Routledge |
Total Pages | : 427 |
Release | : 2009-05-07 |
Genre | : Business & Economics |
ISBN | : 1135978689 |
Consumption forms a major part of people’s lives. As such, geographers, historians of technology and sociologists have devoted much attention to trying to figure out what makes consumption meaningful. By contrast, economists have been content to hold onto theories of consumption that depend on a self-interested representative agent making utility maximizing decisions. Pietrykowski develops this alternative account through the recovery of past attempts to forge a different analytical approach to the study of consumption. In particular, theories of consumption espoused by home economists, psychological economists and Regulation school theorists are critically reviewed. These research projects, marginalized by the mainstream, are the precursors of contemporary scholarship in feminist, behavioural and radical political economics. Reclaiming this work greatly enlarges the scope for contemporary research in consumer behavior. Pietrykowski then provides a richly textured set of case studies of green automobility, slow food and alternative/local currency in order to explore the diversity of user cultures and to highlight resistant forms of consumer practice. By carefully interweaving historical and interdisciplinary research Pietrykowski creates a lively and incisive critique of mainstream economics This monograph will be of interest to academic economists, sociologists, historians and graduate students. In addition, the economics of consumption would also be of interest to readers in management, marketing and schools of business administration.