The endowment effect and the role of uncertainty

Article Abstract:

The authors present a mathematical model to describe the phenomena of uncertainty, and how it affects people and their perception. Specifically, people were found to experience negative psychological reactions to uncertainty.

Australia, Science & research, Psychology & Psychiatry, Psychological aspects, Research, Usage, Mathematical models, Psychology, Uncertainty

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The CES-translog production function, returns to scale and AES

Article Abstract:

Factor input substitution does not have a priori restrictions imposed on it by the translog functional form. Homothetic technology can be tested using CES-translog function specification.

Economies of scale, Production functions (Economics)

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A general approach to rational learning in games

Article Abstract:

Game players learn by playing games; the learners knowledge converges as more games are played. Convergence is derived from consistency in opponents' and players' strategy.

Italy, Statistical Data Included, Methods, Models, Learning, Game theory, Teaching models

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