In the early 90s Tversky & Shafir observed several violations of rationality in human participants, in particular violation of the disjunction effect and sure-thing principle. This has lead to ...
Some intellectual, cognitive and perceptual tasks can be solved collaboratively. It is common knowledge that group performance is better than that of each single individual due to exchange of ...
The hold-out problem often occurs in debt-restructuring or in urban development. The hold-out problem is defined where an agent, for example a land developer, must negotiate with many lot owners and ...