Aspiration adaptation theory

DOI10.1006/JMPS.1997.1205zbMATH Open0931.91010OpenAlexW2086449376WikidataQ52229775 ScholiaQ52229775MaRDI QIDQ1293898FDOQ1293898

Authors: Reinhard Selten 

Publication date: 13 February 2000

Published in: Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jmps.1997.1205

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zbMATH Keywords

aspiration adaptation theorynonoptimizing boundedly rational behavior

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Decision theory (91B06) Decision theory for games (91A35)

Cited In (21)

• Evolutionary dynamics and equitable core selection in assignment games
• Satisficing search versus aspiration adaptation in sales competition: Experimental evidence
• The importance of memory for price discovery in decentralized markets
• Equilibrium in secure strategies as a development of the concept of Nash equilibrium
• Special issue on Experimental economics
• Reaction to price changes and aspiration level adjustments
• When and how to satisfice: an experimental investigation
• Expected utility versus the changes in knowledge ahead
• Title not available (Why is that?)
• Aspiration-based choice
• Aspiration traps
• Modeling and optimization for networked evolutionary games with player exit mechanism: semi-tensor product of matrices method
• Experimental Results on the Process of Goal Formation and Aspiration Adaptation
• Title not available (Why is that?)
• The theory of uncertainty orientation: A mathematical reformulation.
• Behavioral patterns and reduction of sub-optimality: an experimental choice analysis
• A cognitive model of individual well-being
• Aspiration adaptation in the ultimatum minigame.
• A simple, dynamic extension of temporal motivation theory
• Super-rational aspiration induced strategy updating promotes cooperation in the asymmetric prisoner's dilemma game
• Optimal consumption under uncertainty, liquidity constraints, and bounded rationality

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