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Impulsivity and information in cooperative and non cooperative decision problems

Author

Listed:
  • Viviana Ventre

    (Department of Mathematics and Physics University of Campania)

  • Angelarosa Longo

    (Department of Currency Circulation Management Banca d Italia)

Abstract

Psychological evidences of impulsivity and false consensus eect lead results far from rationality It is shown that impulsivity modies the discount function of each individual and false consensus eect increases the degree of consensus in a multi agent decision problem Analyzing them together we note that in strategic interactions these two human factors involve choices which change equilibriums expected by rational individuals

Suggested Citation

  • Viviana Ventre & Angelarosa Longo, 2018. "Impulsivity and information in cooperative and non cooperative decision problems," Journal of Mathematical Economics and Finance, ASERS Publishing, vol. 4(1(6)), pages 9-38.
    • Handle: RePEc:srs:jmef00:v:4:y:2018:i:1(6):p:9-38
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