Impulse balance in the newsvendor game
DOI10.1016/J.GEB.2014.03.012zbMATH Open1294.91036OpenAlexW2046243742MaRDI QIDQ2016233FDOQ2016233
Axel Ockenfels, Reinhard Selten
Publication date: 19 June 2014
Published in: Games and Economic Behavior (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.geb.2014.03.012
experimentbehavioral operations managementnewsvendor gameeconomic cognitionex-post rationalityimpulse balance equilibrium
Production theory, theory of the firm (91B38) Inventory, storage, reservoirs (90B05) Other game-theoretic models (91A40) Experimental studies (91A90)
Cites Work
- Title not available (Why is that?)
- Quantal response equilibria for normal form games
- Prospect Theory: An Analysis of Decision under Risk
- A Cognitive Hierarchy Model of Games
- Optimal Inventory Policy
- Analogy-based expectation equilibrium
- Impulse balance equilibrium and feedback in first price auctions
- Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence
- Decision-making and the newsvendor problem: an experimental study
- Reference Dependence in Multilocation Newsvendor Models: A Structural Analysis
- Learning direction theory and the winner's curse
- Games of competition in a stochastic environment
Cited In (5)
- Risk aversion and implicit shortage cost explain the anchoring and insufficient adjustment bias in human newsvendors
- The newsvendor game has a nonempty core
- Explanatory power of behavioral models in the newsvendor problem: a simulation study
- Efficiency in a forced contribution threshold public good game
- Reference points in revenue sharing contracts -- how to design optimal supply chain contracts
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