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Behavioral Economics Commons

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Articles 1 - 6 of 6

Full-Text Articles in Behavioral Economics

Opec, The Seven Sisters, And Oil Market Dominance: An Evolutionary Game Theory And Agent-Based Modeling Approach, Aaron Wood, Charles F. Mason, David C. Finnoff Dec 2015

Opec, The Seven Sisters, And Oil Market Dominance: An Evolutionary Game Theory And Agent-Based Modeling Approach, Aaron Wood, Charles F. Mason, David C. Finnoff

Charles F Mason

No abstract provided.


Are Ceos Expected Utility Maximizers?, John List, Charles Mason Dec 2010

Are Ceos Expected Utility Maximizers?, John List, Charles Mason

Charles F Mason

Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century’s models of choice under uncertainty. From a positive perspective, the ubiquitous use of benefit-cost analysis across government agencies renders the expected utility maximization paradigm literally the only game in town. In this study, we advance the literature by exploring CEO’s preferences over small probability, high loss lotteries. Using undergraduate students as our experimental control group, we find that both our CEO and student subject pools exhibit frequent and large departures …


Dynamic Learning In A Two-Person Experimental Game, Charles F. Mason, Owen R. Phillips Aug 2001

Dynamic Learning In A Two-Person Experimental Game, Charles F. Mason, Owen R. Phillips

Charles F Mason

No abstract provided.


Information Sharing And Tacit Collusion In Laboratory Duopoly Markets, Timothy N. Cason, Charles F. Mason Jan 1999

Information Sharing And Tacit Collusion In Laboratory Duopoly Markets, Timothy N. Cason, Charles F. Mason

Charles F Mason

No abstract provided.


An Experimental Analysis Of Subgame Perfect Play: The Entry Deterrence Game, Charles F. Mason, Clifford Nowell Nov 1998

An Experimental Analysis Of Subgame Perfect Play: The Entry Deterrence Game, Charles F. Mason, Clifford Nowell

Charles F Mason

No abstract provided.


Mitigating The Tragedy Of The Commons Through Cooperation: An Experimental Evaluation, Charles F. Mason, Owen R. Phillips Sep 1997

Mitigating The Tragedy Of The Commons Through Cooperation: An Experimental Evaluation, Charles F. Mason, Owen R. Phillips

Charles F Mason

No abstract provided.