Decisions and Performance Under Bounded Rationality: A Computational Benchmarking Approach
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Dainis Zegners & Uwe Sunde & Anthony Strittmatter, 2020. "Decisions and Performance Under Bounded Rationality: A Computational Benchmarking Approach," Papers 2005.12638, arXiv.org, revised Dec 2020.
References listed on IDEAS
- Anthony Strittmatter & Uwe Sunde & Dainis Zegners, 2020.
"Life cycle patterns of cognitive performance over the long run,"
Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 117(44), pages 27255-27261, November.
- Strittmatter, Anthony & Sunde, Uwe & Zegners, Dainis, 2020. "Life cycle patterns of cognitive performance over the long run," Munich Reprints in Economics 84764, University of Munich, Department of Economics.
- Kocher, Martin G. & Sutter, Matthias, 2006.
"Time is money--Time pressure, incentives, and the quality of decision-making,"
Journal of Economic Behavior & Organization, Elsevier, vol. 61(3), pages 375-392, November.
- Martin G. Kocher & Matthias Sutter, 2004. "Time is money - Time pressure, incentives, and the quality of decision-making," Papers on Strategic Interaction 2004-05, Max Planck Institute of Economics, Strategic Interaction Group.
- Kocher, Martin G. & Sutter, Matthias, 2006. "Time is money - Time pressure, incentives, and the quality of decision-making," Munich Reprints in Economics 18184, University of Munich, Department of Economics.
- González-Díaz, Julio & Palacios-Huerta, Ignacio, 2016.
"Cognitive performance in competitive environments: Evidence from a natural experiment,"
Journal of Public Economics, Elsevier, vol. 139(C), pages 40-52.
- González-Díaz, Julio & Palacios-Huerta, Ignacio, 2016. "Cognitive performance in competitive environments: evidence from a natural experiment," LSE Research Online Documents on Economics 67144, London School of Economics and Political Science, LSE Library.
- Reto Foellmi & Stefan Legge & Lukas Schmid, 2016.
"Do Professionals Get It Right? Limited Attention and Risk‐taking Behaviour,"
Economic Journal, Royal Economic Society, vol. 0(592), pages 724-755, May.
- Foellmi, Reto & Legge, Stefan & Schmid, Lukas, 2015. "Do Professionals Get It Right? Limited Attention and Risk-Taking Behavior," Economics Working Paper Series 1511, University of St. Gallen, School of Economics and Political Science.
- Dreber, Anna & Gerdes, Christer & Gränsmark, Patrik, 2013.
"Beauty queens and battling knights: Risk taking and attractiveness in chess,"
Journal of Economic Behavior & Organization, Elsevier, vol. 90(C), pages 1-18.
- Dreber Almenberg, Anna & Gerdes, Christer & Gränsmark, Patrik, 2010. "Beauty Queens and Battling Knights: Risk Taking and Attractiveness in Chess," IZA Discussion Papers 5314, Institute of Labor Economics (IZA).
- Genakos, Christos & Pagliero, Mario & Garbi, Eleni, 2015.
"When pressure sinks performance: Evidence from diving competitions,"
Economics Letters, Elsevier, vol. 132(C), pages 5-8.
- Eleni Garbi & Christos Genakos & Mario Pagliero, 2014. "When pressure sinks performance: Evidence from diving competitions," Carlo Alberto Notebooks 374, Collegio Carlo Alberto.
- Eleni Garbi & Christos Genakos & Mario Pagliero, 2015. "When Pressure Sinks Performance: Evidence from Diving Competitions," CEP Discussion Papers dp1345, Centre for Economic Performance, LSE.
- Garbi, Elni & Genakos, Christos & Pagliero, Mario, 2015. "When pressure sinks performance: evidence from diving competitions," LSE Research Online Documents on Economics 61700, London School of Economics and Political Science, LSE Library.
- Christos Genakos & Mario Pagliero & Eleni Garbi, 2014. "When pressure sinks performance: Evidence from diving competitions," Working Papers 201414, Athens University Of Economics and Business, Department of Economics.
- Dohmen, Thomas J., 2008.
"Do professionals choke under pressure?,"
Journal of Economic Behavior & Organization, Elsevier, vol. 65(3-4), pages 636-653, March.
- Dohmen, Thomas, 2005. "Do Professionals Choke Under Pressure?," IZA Discussion Papers 1905, Institute of Labor Economics (IZA).
- Thomas J. Dohmen, 2010. "Do Professionals Choke Under Pressure?," Working Papers id:2742, eSocialSciences.
- Christopher F. Chabris & David Laibson & Carrie L. Morris & Jonathon P. Schuldt & Dmitry Taubinsky, 2009.
"The Allocation of Time in Decision-Making,"
Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 628-637, 04-05.
- Taubinsky, Dmitry & Morris, Carrie L. & Schuldt, Jonathan P. & Chabris, Christopher F & Laibson, David I., 2009. "The Allocation of Time in Decision-Making," Scholarly Articles 4481495, Harvard University Department of Economics.
- Schwalbe, Ulrich & Walker, Paul, 2001. "Zermelo and the Early History of Game Theory," Games and Economic Behavior, Elsevier, vol. 34(1), pages 123-137, January.
- Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009.
"Cognitive abilities and behavioral biases,"
Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 147-152, October.
- Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008. "Cognitive Abilities and Behavioral Biases," Papers 08-05, Sonderforschungsbreich 504.
- Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009. "Cognitive Abilities and Behavioral Biases," Working Papers 0465, University of Heidelberg, Department of Economics.
- Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008. "Cognitive Abilities and Behavioral Biases," IZA Discussion Papers 3481, Institute of Labor Economics (IZA).
- Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008. "Cognitive Abilities and Behavioral Biases," Sonderforschungsbereich 504 Publications 08-05, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Jörg Oechssler & Andreas Roider & Patrick W. Schmitz, 2009. "Cognitive Abilities and Behavioral Biases," Post-Print hal-00696620, HAL.
- Luís M. B. Cabral, 2003. "R&D Competition when firms Choose Variance," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 12(1), pages 139-150, March.
- Gerdes, Christer & Gränsmark, Patrik, 2010.
"Strategic behavior across gender: A comparison of female and male expert chess players,"
Labour Economics, Elsevier, vol. 17(5), pages 766-775, October.
- Gerdes, Christer & Gränsmark, Patrik, 2010. "Strategic Behavior across Gender: A Comparison of Female and Male Expert Chess Players," IZA Discussion Papers 4793, Institute of Labor Economics (IZA).
- Martin G. Kocher & Julius Pahlke & Stefan T. Trautmann, 2013.
"Tempus Fugit : Time Pressure in Risky Decisions,"
Management Science, INFORMS, vol. 59(10), pages 2380-2391, October.
- Kocher, Martin G. & Pahlke, Julius & Trautmann, Stefan T., 2011. "Tempus Fugit: Time Pressure in Risky Decisions," Discussion Papers in Economics 12221, University of Munich, Department of Economics.
- Kocher, Martin G. & Pahlke, Julius & Trautmann, Stefan T., 2013. "Tempus Fugit: Time pressure in risky decisions," Munich Reprints in Economics 18174, University of Munich, Department of Economics.
- Deck, Cary & Jahedi, Salar, 2015. "The effect of cognitive load on economic decision making: A survey and new experiments," European Economic Review, Elsevier, vol. 78(C), pages 97-119.
- Künn, Steffen & Palacios, Juan & Pestel, Nico, 2019. "Indoor Air Quality and Cognitive Performance," IZA Discussion Papers 12632, Institute of Labor Economics (IZA).
- Heckman, James, 2013.
"Sample selection bias as a specification error,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
- Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-161, January.
- Jeffrey M Wooldridge, 2010.
"Econometric Analysis of Cross Section and Panel Data,"
MIT Press Books,
The MIT Press,
edition 2, volume 1, number 0262232588, December.
- Jeffrey M. Wooldridge, 2001. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262232197, December.
- Christos Genakos & Mario Pagliero, 2012.
"Interim Rank, Risk Taking, and Performance in Dynamic Tournaments,"
Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 782-813.
- Christos Genakos & Mario Pagliero, 2009. "Interim Rank, Risk Taking and Performance in Dynamic Tournaments," CEP Discussion Papers dp0928, Centre for Economic Performance, LSE.
- Christos Genakos & Mario Pagliero, 2011. "Interim Rank, Risk Taking and Performance in Dynamic Tournaments," Carlo Alberto Notebooks 196, Collegio Carlo Alberto.
- Bertoni, Marco & Brunello, Giorgio & Rocco, Lorenzo, 2015. "Selection and the age – productivity profile. Evidence from chess players," Journal of Economic Behavior & Organization, Elsevier, vol. 110(C), pages 45-58.
- Cohen-Zada, Danny & Krumer, Alex & Rosenboim, Mosi & Shapir, Offer Moshe, 2017.
"Choking under pressure and gender: Evidence from professional tennis,"
Journal of Economic Psychology, Elsevier, vol. 61(C), pages 176-190.
- Cohen-Zada, Danny & Krumer, Alex & Rosenboim, Mosi & Shapir, Offer Moshe, 2017. "Choking under Pressure and Gender: Evidence from Professional Tennis," IZA Discussion Papers 10587, Institute of Labor Economics (IZA).
- Linnemer, Laurent & Visser, Michael, 2016.
"Self-selection in tournaments: The case of chess players,"
Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 213-234.
- Laurent Linnemer & Michael Visser, 2016. "Self-selection in tournaments: The case of chess players," Post-Print hal-01629749, HAL.
- Steven D. Levitt & John A. List & Sally E. Sadoff, 2011.
"Checkmate: Exploring Backward Induction among Chess Players,"
American Economic Review, American Economic Association, vol. 101(2), pages 975-990, April.
- Steven D. Levitt & John A. List & Sally E. Sadoff, 2009. "Checkmate: Exploring Backward Induction Among Chess Players," NBER Working Papers 15610, National Bureau of Economic Research, Inc.
- Steven Levitt & John List & Sally Sadoff, 2010. "Checkmate: Exploring backward induction among chess players," Artefactual Field Experiments 00081, The Field Experiments Website.
- Moul, Charles C. & Nye, John V.C., 2009. "Did the Soviets collude? A statistical analysis of championship chess 1940-1978," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 10-21, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mehmet S. Ismail, 2023. "Human and Machine Intelligence in n-Person Games with Partial Knowledge," Papers 2302.13937, arXiv.org, revised Mar 2023.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Zegners, Dainis & Sunde, Uwe & Strittmatter, Anthony, 2020. "Decisions and Performance Under Bounded Rationality: A Computational Benchmarking Approach," Rationality and Competition Discussion Paper Series 263, CRC TRR 190 Rationality and Competition.
- Bar-Eli, Michael & Krumer, Alex & Morgulev, Elia, 2020. "Ask not what economics can do for sports - Ask what sports can do for economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 89(C).
- Dilmaghani, Maryam, 2020. "Gender differences in performance under time constraint: Evidence from chess tournaments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 89(C).
- Künn, Steffen & Seel, Christian & Zegners, Dainis, 2020.
"Cognitive Performance in the Home Office - Evidence from Professional Chess,"
Research Memorandum
021, Maastricht University, Graduate School of Business and Economics (GSBE).
- Künn, Steffen & Seel, Christian & Zegners, Dainis, 2020. "Cognitive Performance in the Home Office - Evidence from Professional Chess," IZA Discussion Papers 13491, Institute of Labor Economics (IZA).
- Dilmaghani, Maryam, 2021. "The gender gap in competitive chess across countries: Commanding queens in command economies," Journal of Comparative Economics, Elsevier, vol. 49(2), pages 425-441.
- Wen‐Jhan Jane, 2022. "Choking or excelling under pressure: Evidence of the causal effect of audience size on performance," Bulletin of Economic Research, Wiley Blackwell, vol. 74(1), pages 329-357, January.
- Jose De Sousa, "undated".
"Peer competition: Evidence from 5- to 95-year-olds,"
French Stata Users' Group Meetings 2022
03, Stata Users Group.
- Jose De Sousa & Benoit Schmutz, 2022. "Peer Competition: Evidence from 5- to 95-Year-olds," Working Papers 2022-04, Center for Research in Economics and Statistics.
- Linnemer, Laurent & Visser, Michael, 2016.
"Self-selection in tournaments: The case of chess players,"
Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 213-234.
- Laurent Linnemer & Michael Visser, 2016. "Self-selection in tournaments: The case of chess players," Post-Print hal-01629749, HAL.
- Iqbal, Hamzah & Krumer, Alex, 2017. "Discouragement Effect and Intermediate Prizes in Multi-Stage Contests: Evidence from Tennis’s Davis Cup," Economics Working Paper Series 1719, University of St. Gallen, School of Economics and Political Science.
- Harb-Wu, Ken & Krumer, Alex, 2019.
"Choking under pressure in front of a supportive audience: Evidence from professional biathlon,"
Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 246-262.
- Harb-Wu, Ken & Krumer, Alex, 2017. "Choking Under Pressure in Front of a Supportive Audience: Evidence from Professional Biathlon," Economics Working Paper Series 1717, University of St. Gallen, School of Economics and Political Science.
- Anthony Strittmatter & Uwe Sunde & Dainis Zegners, 2020.
"Life cycle patterns of cognitive performance over the long run,"
Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 117(44), pages 27255-27261, November.
- Strittmatter, Anthony & Sunde, Uwe & Zegners, Dainis, 2020. "Life cycle patterns of cognitive performance over the long run," Munich Reprints in Economics 84764, University of Munich, Department of Economics.
- Iqbal, Hamzah & Krumer, Alex, 2019. "Discouragement effect and intermediate prizes in multi-stage contests: Evidence from Davis Cup," European Economic Review, Elsevier, vol. 118(C), pages 364-381.
- Cohen-Zada, Danny & Krumer, Alex & Shapir, Offer Moshe, 2018. "Testing the effect of serve order in tennis tiebreak," Journal of Economic Behavior & Organization, Elsevier, vol. 146(C), pages 106-115.
- Cohen-Zada, Danny & Krumer, Alex & Shapir, Offer Moshe, 2017. "Take a Chance on ABBA," IZA Discussion Papers 10878, Institute of Labor Economics (IZA).
- Tom P. Vandebroek & Brian T. McCann & Govert Vroom, 2018. "Modeling the Effects of Psychological Pressure on First-Mover Advantage in Competitive Interactions," Journal of Sports Economics, , vol. 19(5), pages 725-754, June.
- Krumer, Alex, 2020. "Pressure versus ability: Evidence from penalty shoot-outs between teams from different divisions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 89(C).
- Dilmaghani, Maryam, 2022. "Chess girls don’t cry: Gender composition of games and effort in competitions among the super-elite," Journal of Economic Psychology, Elsevier, vol. 89(C).
- Gränsmark, Patrik, 2010. "Social Screening and Cooperation Among Expert Chess Players," Working Paper Series 4/2010, Stockholm University, Swedish Institute for Social Research.
- Ciril Bosch-Rosa & Thomas Meissner & Antoni Bosch-Domènech, 2018.
"Cognitive bubbles,"
Experimental Economics, Springer;Economic Science Association, vol. 21(1), pages 132-153, March.
- Ciril Bosch-Rosa & Thomas Meissner & Antoni Bosch-Domènech, "undated". "Cognitive Bubbles," BDPEMS Working Papers 2015006, Berlin School of Economics.
- Ciril Bosch-Rosa & Thomas Meissner & Antoni Bosch-Domènech, 2015. "Cognitive Bubbles," SFB 649 Discussion Papers SFB649DP2015-006, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
- Ciril Bosch-Rosa & Thomas Meissner & Antoni Bosch-Domènech, 2015. "Cognitive bubbles," Economics Working Papers 1464, Department of Economics and Business, Universitat Pompeu Fabra.
- Viktor Bozhinov & Nora Grote, 2019. "Performance under Pressure on the Court: Evidence from Professional Volleyball," Working Papers 1901, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
More about this item
Keywords
cognitively bounded rationality; benchmark computing; artificial intelligence; decision quality; decision time;All these keywords.
JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BIG-2020-07-27 (Big Data)
- NEP-CBE-2020-07-27 (Cognitive & Behavioural Economics)
- NEP-HRM-2020-07-27 (Human Capital & Human Resource Management)
- NEP-NEU-2020-07-27 (Neuroeconomics)
- NEP-UPT-2020-07-27 (Utility Models & Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_8341. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/cesifde.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.