Satisficing in strategic environments: A theoretical approach and experimental evidence
The satisficing approach is generalized and applied to finite n-person games. We formally define the concept of satisficing and propose a theory that allows satisficing players to make "optimal" decisions without being equipped with any prior. We also review some experiments on strategic games illustrating and partly supporting our theoretical approach.
Volume (Year): 39 (2010)
Issue (Month): 5 (October)
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"Satisficing in sales competition: experimental evidence,"
Papers on Strategic Interaction
2006-32, Max Planck Institute of Economics, Strategic Interaction Group.
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