Bounded Rationality in Strategic Decisions: Undershooting in a Resource Pool-Choice Dilemma
Abstract
This research studies a resource pool-choice dilemma, in which a group of resource seekers independently choose between a larger pool containing more resources and a smaller pool containing fewer resources, knowing that the resources in each pool will be divided equally among its choosers, so that the more (fewer) people choose a certain pool, the fewer (more) resources each of them will get. This setting corresponds to many real-world...
Paper Details
Title
Bounded Rationality in Strategic Decisions: Undershooting in a Resource Pool-Choice Dilemma
Published Date
Oct 1, 2021
Journal
Volume
67
Issue
10
Pages
6553 - 6567
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