Aspiration adaptation theory

DOI10.1006/JMPS.1997.1205MaRDI QIDQ1293898zbMATHOpenAlexWikidataFDO

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

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)

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• Behavioral patterns and reduction of sub-optimality: an experimental choice analysis
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• When and how to satisfice: an experimental investigation
• A simple, dynamic extension of temporal motivation theory
• Aspiration adaptation in the ultimatum minigame.
• Evolutionary dynamics and equitable core selection in assignment games
• The importance of memory for price discovery in decentralized markets
• The theory of uncertainty orientation: A mathematical reformulation.
• Expected utility versus the changes in knowledge ahead
• Aspiration-based choice
• Super-rational aspiration induced strategy updating promotes cooperation in the asymmetric prisoner's dilemma game
• Aspiration traps
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• Special issue on Experimental economics
• Optimal consumption under uncertainty, liquidity constraints, and bounded rationality
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