(Sub) optimality and (non) optimal satisficing in risky decision experiments

DOI10.1007/S11238-017-9591-2MaRDI QIDQ1706789zbMATH OpenOpenAlexFDO

Authors Daniela Di Cagno, Arianna Galliera, Francesca Marzo, Noemi Pace, Werner Güth

Publication date 28 March 2018

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10278/3684184

zbMATH Keywords

uncertaintyriskexperimentssatisficing(un)bounded rationality

Mathematics Subject Classification ID

Decision theory (91B06)

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Cites work

• scientific article; zbMATH DE number 1734440 (Why is no real title available?)
• scientific article; zbMATH DE number 1784644 (Why is no real title available?)
• An experimental analysis of satisficing in saving decisions
• COMMENTS ON NEUBERG'S REVIEW OF CAUSALITY
• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• Money does not induce risk neutral behavior, but binary lotteries do even worse
• Probabilistic choice as a consequence of nonlinear (sub) optimization
• Quantal response equilibria for normal form games
• Refinements of the Nash equilibrium concept
• Signaling Games and Stable Equilibria
• The Predictive Utility of Generalized Expected Utility Theories

Cited in

(9)

• When to stop -- a cardinal secretary search experiment
• Explaining satisficing through risk aversion
• Too much of a good thing: decision-making in cases with infinitely many utility contributions
• Risky choices in strategic environments: an experimental investigation of a real options game
• Investigating risky choices over losses using experimental data
• Optimize, satisfice, or choose without deliberation? A simple minimax-regret assessment
• Satisficing in financial decision making - a theoretical and experimental approach to bounded rationality
• Behavioral patterns and reduction of sub-optimality: an experimental choice analysis
• Experimental evidence of behavioral improvement by learning and intermediate advice

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Uses Software

• ORSEE
• Z-Tree

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