English, Article, Journal or magazine article edition: Satisficing in strategic environments: a theoretical approach and experimental evidence Werner Güth; M. Vittoria Levati; Matteo Ploner

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Bookmark: http://trove.nla.gov.au/version/1092
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Satisficing in strategic environments: a theoretical approach and experimental evidence
Author
  • Werner Güth
  • M. Vittoria Levati
  • Matteo Ploner
Physical Description
  • preprint
Notes
  • 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.
  • Strategic interaction, Satisficing behavior, Bounded rationality
  • RePEc:jrp:jrpwrp:2008-078
Language
  • English
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