Journal Article10.1257/JEP.2.4.195
Anomalies: The Ultimatum Game
About: This article is published in Journal of Economic Perspectives. The article was published on 01 Nov 1988. The article focuses on the topics: Ultimatum game.
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Citations
•Dissertation
Affect in judgement and decision-making : the role of context
Nick Sevdalis
- 01 Jan 2004
TL;DR: The hypothesis that the influence of emotional anticipations on decisions is due to the "impact bias" is tested and it is found that people overpredicted their post-decisional emotional reactions to the outcomes of both tasks.
References
Perfect equilibrium in a bargaining model
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Mental Accounting and Consumer Choice
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Fairness as a Constraint on Profit Seeking: Entitlements in the Market
TL;DR: In customer or labor markets, it is acceptable for a firm to raise prices (or cut wages) when profits are threatened, and to maintain prices when costs diminish as mentioned in this paper, and several market anomalies are explained by assuming that these standards of fairness influence the behavior of firms.
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