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Foregone with the Wind: Indirect Payoff Information and its Implications for Choice

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Author Info

  • Brit Grosskopf

    ()

  • Ido Erev
  • Eldad Yechiam

Abstract

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File URL: http://hdl.handle.net/10.1007/s00182-006-0015-8
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Bibliographic Info

Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 34 (2006)
Issue (Month): 2 (August)
Pages: 285-302

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Handle: RePEc:spr:jogath:v:34:y:2006:i:2:p:285-302

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Web page: http://link.springer.de/link/service/journals/00182/index.htm

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Related research

Keywords: Foregone payoff; Adaptive behavior; Reinforcement learning; Fictitious Play; Directional learning; Bandit problems;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Erev, Ido & Roth, Alvin E, 1998. "Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria," American Economic Review, American Economic Association, vol. 88(4), pages 848-81, September.
  2. Benartzi, Shlomo & Thaler, Richard H, 1995. "Myopic Loss Aversion and the Equity Premium Puzzle," The Quarterly Journal of Economics, MIT Press, vol. 110(1), pages 73-92, February.
  3. C. Monica Capra & Jacob K Goeree & Rosario Gomez & Charles A Holt, 2002. "Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(3), pages 613-636, August.
  4. Sarin, Rajiv & Vahid, Farshid, 1999. "Payoff Assessments without Probabilities: A Simple Dynamic Model of Choice," Games and Economic Behavior, Elsevier, vol. 28(2), pages 294-309, August.
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Citations

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Cited by:
  1. A. Ross Otto & Bradley C. Love, 2010. "You don't want to know what you're missing: When information about forgone rewards impedes dynamic decision making," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 5(1), pages 1-10, February.
  2. Zion, Uri Ben & Erev, Ido & Haruvy, Ernan & Shavit, Tal, 2010. "Adaptive behavior leads to under-diversification," Journal of Economic Psychology, Elsevier, vol. 31(6), pages 985-995, December.
  3. Einav Hart & Yaakov Kareev & Judith Avrahami, 2012. "Reversal of Risky Choice in a Good versus a Bad World," Discussion Paper Series dp619, The Center for the Study of Rationality, Hebrew University, Jerusalem.

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