Illustrated Examples of the Effects of Risk Preferences and Expectations on Bargaining Outcomes
The author highlights bargaining examples that use expected utility theory. Bargainer payoffs in the event of a dispute are represented by a simple lottery. Expectations are assumed to affect a bargainer's subjective probabilities over lottery outcomes, and risk preferences affect the expected...
| Veröffentlicht in: | The Journal of Economic Education. - Taylor & Francis, Ltd.. - 34(2003), 2, Seite 169-180 |
|---|---|
| 1. Verfasser: | |
| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2003
|
| Zugriff auf das übergeordnete Werk: | The Journal of Economic Education |
| Schlagworte: | bargaining expected utility theory teaching of economics A2 C78 D80 Business Social sciences Economics Behavioral sciences mehr... |
| Online verfügbar |
Volltext |