Impulse Balance and Multiple-Period Feedback in the Newsvendor Game

2015 ◽  
Vol 24 (12) ◽  
pp. 1901-1906 ◽  
Author(s):  
Axel Ockenfels ◽  
Reinhard Selten
Keyword(s):  
Impulse Balance

scholarly journals Impulse balance equilibrium and feedback in first price auctions

2005 ◽  
Vol 51 (1) ◽  
pp. 155-170 ◽  
Author(s):  
Axel Ockenfels ◽  
Reinhard Selten
Keyword(s):  
Impulse Balance

scholarly journals Impulse balance and framing effects in threshold public good games

2019 ◽  
Vol 21 (5) ◽  
pp. 903-922 ◽  
Author(s):  
Edward Cartwright ◽  
Anna Stepanova ◽  
Lian Xue
Keyword(s):  
Public Good ◽  
Framing Effects ◽  
Impulse Balance ◽  
Public Good Games

scholarly journals Stationary Concepts for Experimental 2 × 2 Games: Comment

2011 ◽  
Vol 101 (2) ◽  
pp. 1029-1040 ◽  
Author(s):  
Christoph Brunner ◽  
Colin F Camerer ◽  
Jacob K Goeree
Keyword(s):  
Nash Equilibrium ◽  
Loss Aversion ◽  
The Other ◽  
Quantal Response ◽  
Quantal Response Equilibrium ◽  
Equilibrium Payoff ◽  
Laboratory Results ◽  
Impulse Balance

Reinhard Selten and Thorsten Chmura (2008) recently reported laboratory results for completely mixed 2 X 2 games used to compare Nash equilibrium with four other stationary concepts: quantal response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium, and impulse balance equilibrium. We reanalyze their data, correct some errors, and find that Nash clearly fits worst while the four other concepts perform about equally well. We also report new analysis of other previous experiments that illustrate the importance of the loss aversion hardwired into impulse balance equilibrium: when the other non-Nash concepts are augmented with loss aversion, they outperform impulse balance equilibrium.

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