Abstract

Psychological evidences of impulsivity and false consensus effect lead results far from rationality. It is shown that impulsivitymodifies the discount function of each individual, and false consensus effect increases the degree of consensus in a multi-agent decision problem. Analyzing them together we note that in strategic interactions these two human factors involve choices which change equilibriums expected by rational individuals.

Details

Title
Information and Intertemporal Choices in Multi-Agent Decision Problems
Author
Olivieri, Mariagrazia; Squillante, Massimo; Ventre, Viviana
Pages
3-24
Publication year
2016
Publication date
2016
Publisher
Accademia Piceno Aprutina dei Velati in Teramo (APAV)
ISSN
15927415
e-ISSN
22828214
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2079933074
Copyright
© 2016. This work is licensed under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.