Abstracts

Economics

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Motives and implementation: on the design of mechanisms to elicit opinions

Article Abstract:

Attainment of public target by a culture depends on the type of motive its experts possess. A culture tends to achieve public target whenever each of its experts is driven by a private motive to make a recommendation accepted. On the other hand, attainment of public target tends to be elusive for a culture in which all of its experts are driven by a public motive to enhance the likelihood that desirable action will be carried out.

Research, Decision-making, Models, Decision making

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A simple model of equilibrium in search procedures

Article Abstract:

Equilibrium search procedures chosen by players in a simple game-theoretic model employ an equal number of search units, are done in a completely random manner, and are intrinsically inefficient. The model allows players to decide on the search procedures for locating a price in one of the labeled boxes.

Analysis, Equilibrium (Economics)

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