Jena Economic Research Pa... \ Volume 2 (2008) \ Satisficing in strategic environments:... (2008-10-16)
            

Satisficing in strategic environments: a theoretical approach and experimental evidence
Formale Beschreibung
Beteiligte Person(en) / Institution(en)Autor :
DatumErschienen :
  • Do, 16. Okt. 2008
IDNummer des Discussion-Papers :
  • 2008-078

Inhaltliche Beschreibung
Schlagwort(e)Strategic interaction
Satisficing behavior
Bounded rationality
Zusammenfsg.The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic games illustrating and partly supporting our theoretical approach.
article languages JEREnglisch
article research fields JEReconomics
JEL-Classification for JER

article pub. typess JERResearch article

Systemdaten
Statische URLhttp://zs.thulb.uni-jena.de/receive/jportal_jparticle_00137700