nep-cbe New Economics Papers
on Cognitive and Behavioural Economics
Issue of 2006‒09‒03
five papers chosen by
Marco Novarese
Universita del Piemonte Orientale

  1. Recommended Play and Correlated Equilibria: An Experimental Study By Cason, Timothy N.; Sharma, Tridib
  2. Prospect Theory and the Law of Small Numbers in the Evaluation of Asset Prices By B. Luppi
  3. Emergence in multi-agent systems, part II: Axtell, Epstein and Young's revisited By Jean Louis Dessalles
  4. Firms' Network Formation Through the Transmission of Heterogeneous Knowledge By R. Andergassen; F. Nardini; M. Ricottilli
  5. Elements of Narrative Analysis By Corvellec, Hervé

  1. By: Cason, Timothy N.; Sharma, Tridib
    Abstract: This study reports a laboratory experiment wherein subjects play a hawk-dove game. We try to implement a correlated equilibrium with payoffs outside the convex hull of Nash equilibrium payoffs by privately recommending play. We find that subjects are reluctant to follow certain recommendations. We are able to implement this correlated equilibrium, however, when subjects play against robots that always follow recommendations, including in a control treatment in which human subjects receive the robot "earnings." This indicates that the lack of mutual knowledge of conjectures, rather than social preferences, explains subjects' failure to play the suggested correlated equilibrium when facing other human players.
    Keywords: Game Theory ; Experiments ; Coordination ; Common Knowledge
    JEL: C72
    Date: 2006–08
  2. By: B. Luppi
    Date: 2005
  3. By: Jean Louis Dessalles (CREM CNRS UMR 6211 University of Rennes I,)
    Keywords: adaptive complex systems, agent based computational economics, behavioural learning in games, cognitive hierarchy, complexity, detection, emergence, population games, signalling, stochastic stability, tag
    Date: 2006–07–04
  4. By: R. Andergassen; F. Nardini; M. Ricottilli
    Date: 2005
  5. By: Corvellec, Hervé (Gothenburg Research Institute)
    Abstract: This article is intended to be an introduction to narrative analysis. It introduces key terms in narrative theory (e.g. story and plot), discusses various types of narratives relevant for social studies and features three selected analytical approaches to narratives: a poetic classification, a tripartite way of reading and a deconstructive analysis. The conclusion presents some reflections on narratives as ways to make sense of time. References have been selected as to guide the reader to further studies of narratives and narrative perspectives.
    Keywords: Narrative; Methodology; Merger
    Date: 2006–08–18

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