Christina Matzke

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Financial support by the Deutsche Forschungsgemeinschaft (DFG) through the Bonn Graduate School of Economics (BGSE) is gratefully acknowledged. We analyze the strategic behavior of firms when demand is determined by a rule of thumb behavior of consumers. We assume consumer dynamics where individual consumers follow simple behavioral decision rules governed(More)
In our model, individual consumers follow simple behavioral decision rules based on imitation and habit as suggested in consumer research, social learning , and related fields. Demand can be viewed as the outcome of a population game whose revision protocol is determined by the consumers' behavioral rules. The consumer dynamics are then analyzed in order to(More)
Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The temperature sensitivity increases with the number of agents, making the problem possibly unlearn-able. Because there is in practice a finite number of possible tap positions, identical agents are unlikely to reach even approximately their(More)
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