- Author
- Swistak Piotr (University of Maryland, USA)
- Title
- Some Problems with Judging Rationality
Pewne problemy z oceną racjonalności - Source
- Decyzje, 2015, nr 23, s. 5-22, tab., bibliogr. 16 poz.
- Keyword
- Gra Ultimatum, Teoria wyboru, Racjonalność, Teoria gier
Ultimatum game, Choice theory, Rationality, Game theory - Note
- summ., streszcz.
- Abstract
- Różnica między predykcjami wynikającymi z teorii gier a rzeczywistymi wyborami dokonywanymi przez uczestników eksperymentów jest nadinterpretowana jako dowód na nieracjonalność graczy. W pracy rozważam pewną wersję gry ultimatum i badam jej równowagi przy różnych założeniach o preferencjach uczestników. Korzystając ze standardowego pojęcia racjonalności wykazuję, że rozbieżność między wynikiem "normatywnym" i "deskryptywnym" nie może być ustalana poprzez proste porównanie punktów równowagi gry z rzeczywistymi wyborami dokonywanymi przez ludzi. (abstrakt oryginalny)
The gap between game-theoretic predictions and actual choices people make in, for instance, gaming experiments has been over-interpreted as evidence against rationality of players. I consider a version of the ultimatum game and examine its equilibria under different assumptions about players' preferences. Using standard notions of rationality I show that the discrepancy between the "normative" and the "descriptive" cannot be established by a simple comparison of what is predicted by the equilibrium choices and the actual choices people make. (original abstract) - Accessibility
- The Library of University of Economics in Katowice
- Full text
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- Bibliography
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- Andersen, S., Ertaç, S., Gneezy, U., Hoffman, M., List, J. A. (2011). Stakes matter in ultimatum games. The American Economic Review, 101(7), 3427-3439.
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- Cited by
- ISSN
- 1733-0092
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.7206/DEC.1733-0092.44
