ScienceWeblog:Source on Kahneman's "magical" behavior - Revision history

Mother Nature at 08:41, 10 February 2014

2014-02-10T08:41:01Z

Mother Nature at 21:39, 13 December 2011

2011-12-13T21:39:52Z

Mother Nature at 21:32, 13 December 2011

2011-12-13T21:32:35Z

Seth: Created page with 'I had trouble finding this on the internet, so here it is. [well, not yet, but in a moment pdf] Its important because Camerer and others have cited Kahneman's bewilderment at co…'

2011-12-11T22:15:15Z

Created page with 'I had trouble finding this on the internet, so here it is. [well, not yet, but in a moment pdf] Its important because Camerer and others have cited Kahneman's bewilderment at co…'

New page

I had trouble finding this on the internet, so here it is.
[well, not yet, but in a moment pdf]

Its important because Camerer and others have cited Kahneman's bewilderment at convergence in the market entry game, or what he calls the N* game. Besides summarizing the market entry results---in which psychologists are subverted by economics---he describes reluctance to trade and other cases of economists being subverted by psychology. The paper is short and sweet; full of lots of other good quotes. For example, he succinctly asserts a claim that Gode and Sunder fleshed out a decade: "Robots programmed to obey simple dominance would establish the optimal market price."

Kahneman, D., (1986) Experimental economics: A psychological perspective
presented in Bounded Rational Behavior in experimental games and markets: Proceedings of the Fourth Conference on Experimental Econoimcs, Bielefeld, West Germany, Spetember 21-25, 1986. eds. R. Tietz, W. Albers, R. Selten
published in Lecture notes in Economics and Mathematical Systems, Eds M. Beckmann and W. Krelle

@@ Line 1: / Line 1: @@
 I had trouble finding this on the internet, so here is a scan of the hard copy that came in.
-[http://enfascination.com/forever/Kahneman1986.pdf pdf]
+[http://enfascination.com/htdocs/forever/Kahneman1986.pdf pdf]
 Its important because Camerer and others have cited Kahneman's surprise at convergence in the market entry game, or what he calls the N* game.  In his words "Observing the regularity of behavior in these markets was a bewildering experience -- to a psychologist, it looked almost like magic."

@@ Line 1: / Line 1: @@
-I had trouble finding this on the internet, so here it is.
+I had trouble finding this on the internet, so here is a scan of the hard copy that came in.
 [http://enfascination.com/forever/Kahneman1986.pdf pdf]
-Its important because Camerer and others have cited Kahneman's bewilderment at convergence in the market entry game, or what he calls the N* game.  Besides summarizing the market entry results---in which psychologists are subverted by economics---he describes reluctance to trade and other cases of economists being subverted by psychology.  The paper is short and sweet; full of lots of other good quotes.  For example, he succinctly asserts a claim that Gode and Sunder fleshed out a decade: "Robots programmed to obey simple dominance would establish the optimal market price."
+Its important because Camerer and others have cited Kahneman's surprise at convergence in the market entry game, or what he calls the N* game.  In his words "Observing the regularity of behavior in these markets was a bewildering experience -- to a psychologist, it looked almost like magic."
 Kahneman, D., (1986) Experimental economics: A psychological perspective
 presented in Bounded Rational Behavior in experimental games and markets: Proceedings of the Fourth Conference on Experimental Econoimcs, Bielefeld, West Germany, Spetember 21-25, 1986. eds. R. Tietz, W. Albers, R. Selten
 published in Lecture notes in Economics and Mathematical Systems, Eds M. Beckmann and W. Krelle