Impulsivity and information in cooperative and non-cooperative decision problems

  • Viviana Ventre Department of Mathematics and Physics, University of Campania
  • Angelarosa Longo Department of Currency Circulation Management, Banca d'Italia

Abstract

Psychological evidences of impulsivity and false consensus eect lead results far from rationality. It is shown that impulsivity modies the discount function of each individual, and false consensus eect 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.

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Published
2018-06-30
How to Cite
VENTRE, Viviana; LONGO, Angelarosa. Impulsivity and information in cooperative and non-cooperative decision problems. Journal of Mathematical Economics and Finance, [S.l.], v. 4, n. 1(6), p. 9-38, june 2018. ISSN 2458-0813. Available at: <https://journals.aserspublishing.eu/jmef/article/view/2400>. Date accessed: 22 aug. 2019. doi: https://doi.org/10.14505//jmef.v4.1(6).01.