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Loss avoidance as selection principle: evidence from simple stag-hunt games

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    0102655 - NHU-N 20043110 RIV SIGLE CZ eng V - Research Report
    Rydval, O. - Ortmann, Andreas
    Loss avoidance as selection principle: evidence from simple stag-hunt games.
    [Vyhýbání se ztrátě jako princip výběru: důkaz z jednoduchých stag-hunt her.]
    Praha: Center for Economic Research and Graduate Education, Charles University, 2004. 22 s. Discussion paper series, 2004-121.
    R&D Projects: GA AV ČR KSK9058117
    Institutional research plan: CEZ:AV0Z7085904
    Keywords : loss avoidance * selection principle * stag-hunt games
    Subject RIV: AH - Economics

    We investigate experimentally the conjecture by Cachon and Camerer (1996) that loss avoidance solves the tension that arises in stag-hunt games for which payoff dominance and risk dominance make conflicting predictions.

    Empiricky zkoumáme domněnku Cachona a Camerera (1996), že vyhýbání se ztrátě řeší rozpory v „stag-hunt“ hrách, ve kterých dominance výnosů a dominance rizika dávají navzájem si odporující predikce.

    Permanent Link: http://hdl.handle.net/11104/0010001

     
     
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