Neuroeconomics is a new and highly interdisciplinary field. Drawing from theories and methodologies employed in both economics and neuroscience, it aims at understanding the neural systems supporting and affecting economically relevant behaviour in real-life situations. Although incomplete, the evidence is beginning to clarify with the possibility that neuroeconomic methodology might eventually...

Classical game theoretic approaches that make strong rationality assumptions have difficulty modeling human behaviour in economic games. We investigate the role of finite levels of iterated reasoning and non-selfish utility functions in a Partially Observable Markov Decision Process model that incorporates game theoretic notions of interactivity. Our generative model captures a broad class of c...

in this paper, asymmetric effects of exchange rate fluctuation (according to positive and negative shocks) on real output were investigated. in the meantime, the study of behaviour of real output growth in iran’s economy over the period 1338-1386 was done. in specification of the output growth equation, in spite of considering positive and negative shocks of exchange rate, the effects of other ...

This paper examines the behaviour of firms over time using different economic models as a basis for setting price. A simulation model was created in order to examine the behaviour of the economic models over time. The paper examines the behaviour of a firm using two standard neoclassical economic models: a model built on the principle of marginalism, ie. the firm produces at the point where mar...

Understanding the determinants of pro-environmental behaviour is key to addressing many environmental challenges. Economic theory and empirical evidence suggest that human partly determined by people's economic preferences which therefore should predict individual differences in behaviour. In a pre-registered study, we elicit seven preference measures (risk taking, patience, present bias, altru...