Some problems with judging rationality
University of Maryland
6/2015 (23) Decyzje
The gap between game-theoretic predictions and actual choices people make in, for instance, gaming experiments has been over-interpreted as evidence against rationality of players. I consider a version of the ultimatum game and examine its equilibria under different assumptions about players’ preferences. Using standard notions of rationality I show that the discrepancy between the “normative” and the “descriptive” cannot be established by a simple comparison of what is predicted by the equilibrium choices and the actual choices
Some problems with judging rationality. (2015). Some problems with judging rationality. Decyzje, (23), 5-22. https://doi.org/10.7206/DEC.1733-0092.44 (Original work published 6/2015AD)
“Some Problems With Judging Rationality”. 6/2015AD. Decyzje, no. 23, 2015, pp. 5-22.
“Some Problems With Judging Rationality”. Decyzje, Decyzje, no. 23 (2015): 5-22. doi:10.7206/DEC.1733-0092.44.