Satisficing in strategic environments: a theoretical approach and experimental evidence
The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic games illustrating and partly supporting our theoretical approach.
|Date of creation:||16 Oct 2008|
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Papers on Strategic Interaction
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2009-14, Faculty of Economics and Statistics, University of Innsbruck.
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