Impulsivity and information in cooperative and
non-cooperative decision problems
Impulsivity and information in cooperative and
non-cooperative decision problems
Author(s): Viviana Ventre, Angelarosa LongoSubject(s): Economy, Financial Markets
Published by: ASERS Publishing
Keywords: intertemporal choice; information in decision processes; behavioral operational research;
Summary/Abstract: Psychological evidences of impulsivity and false consensus effect lead results far from rationality. It is shown that impulsivity modifies the discount function of each individual, and false consensus effect 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.
Journal: Journal of Mathematical Economics and Finance
- Issue Year: IV/2018
- Issue No: 1(6)
- Page Range: 9-38
- Page Count: 30
- Language: English
- Content File-PDF