Satisficing in financial decision making - a theoretical and experimental approach to bounded rationality

DOI10.1016/j.jmp.2008.11.004zbMath1176.91016OpenAlexW2074261247MaRDI QIDQ1042301

Boris Maciejovsky, Gerlinde Fellner, Güth, Werner

Publication date: 7 December 2009

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

Full work available at URL: https://doi.org/10.1016/j.jmp.2008.11.004

zbMATH Keywords

risk attitudebounded rationalityinvestmentrational choiceaspirations

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Rationality and learning in game theory (91A26) Experimental studies (91A90) Decision theory for games (91A35) Actuarial science and mathematical finance (91Gxx)

Uses Software

• Z-Tree
• ORSEE

Cites Work

• Unnamed Item
• Advances in prospect theory: cumulative representation of uncertainty
• The role of aspiration level in risky choice: A comparison of cumulative prospect theory and SP/A theory
• A theory of ratio magnitude estimation
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown

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