Satisficing search versus aspiration adaptation in sales competition: Experimental evidence

DOI10.1007/s00182-010-0232-zzbMath1213.91050OpenAlexW2003679130MaRDI QIDQ532521

M. Vittoria Levati, Jianying Qiu, Siegfried K. Berninghaus, Güth, Werner

Publication date: 5 May 2011

Published in: International Journal of Game Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00182-010-0232-z

zbMATH Keywords

duopolysatisficing behavioraspiration adaptationprofit aspirationtheory absorption

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

Related Items (1)

Belief elicitation in experiments: Is there a hedging problem?

Uses Software

• Z-Tree

Cites Work

• An experimental analysis of satisficing in saving decisions
• Evolving aspirations and cooperation
• Aspiration adaptation theory
• Bounded rationality. A Simon-like explication
• Aspiration adaptation in the ultimatum minigame.
• The effects of financial incentives in experiments: A review and capital-labor-production framework. (With commentaries)
• Aspiration Traps
• A Cognitive Hierarchy Model of Games

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