Impulse balance in the newsvendor game

DOI10.1016/j.geb.2014.03.012zbMath1294.91036OpenAlexW2046243742MaRDI QIDQ2016233

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

zbMATH Keywords

experimentbehavioral operations managementnewsvendor gameeconomic cognitionex-post rationalityimpulse balance equilibrium

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Inventory, storage, reservoirs (90B05) Other game-theoretic models (91A40) Experimental studies (91A90)

Related Items (4)

Reference points in revenue sharing contracts -- how to design optimal supply chain contracts ⋮ Efficiency in a forced contribution threshold public good game ⋮ Explanatory power of behavioral models in the newsvendor problem: a simulation study ⋮ Risk aversion and implicit shortage cost explain the anchoring and insufficient adjustment bias in human newsvendors

Uses Software

• Z-Tree

Cites Work

• Unnamed Item
• Learning direction theory and the winner's curse
• Quantal response equilibria for normal form games
• Analogy-based expectation equilibrium
• Impulse balance equilibrium and feedback in first price auctions
• Games of competition in a stochastic environment
• Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence
• Reference Dependence in Multilocation Newsvendor Models: A Structural Analysis
• Decision-making and the newsvendor problem: an experimental study
• Prospect Theory: An Analysis of Decision under Risk
• A Cognitive Hierarchy Model of Games
• Optimal Inventory Policy

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