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Imitation versus rationality: An experimental perspective on decision making

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  • Pingle, Mark

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  • Pingle, Mark, 1995. "Imitation versus rationality: An experimental perspective on decision making," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 24(2), pages 281-315.
    • Handle: RePEc:eee:soceco:v:24:y:1995:i:2:p:281-315
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    1. Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
    2. Smith, Vernon L, 1982. "Microeconomic Systems as an Experimental Science," American Economic Review, American Economic Association, vol. 72(5), pages 923-955, December.
    3. Pingle, Mark, 1992. "Costly optimization: an experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 17(1), pages 3-30, January.
    4. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
    5. Coursey, Don L & Mason, Charles F, 1987. "Investigations Concerning the Dynamics of Consumer Behavior in Uncertain Environments," Economic Inquiry, Western Economic Association International, vol. 25(4), pages 549-564, October.
    6. Conlisk, John, 1988. "Optimization cost," Journal of Economic Behavior & Organization, Elsevier, vol. 9(3), pages 213-228, April.
    7. Conlisk, John, 1980. "Costly optimizers versus cheap imitators," Journal of Economic Behavior & Organization, Elsevier, vol. 1(3), pages 275-293, September.
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    Cited by:

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    2. Ho, Lok Sang, 1998. "A model of human nature and personal development," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 27(2), pages 271-287.
    3. Offerman, Theo & Sonnemans, Joep, 1998. "Learning by experience and learning by imitating successful others," Journal of Economic Behavior & Organization, Elsevier, vol. 34(4), pages 559-575, March.
    4. Mathilde Maitrot, 2017. "Re-visiting microfinance entrepreneurship in Bangladesh: Can losers be choosers?," Global Development Institute Working Paper Series 192017, GDI, The University of Manchester.
    5. Robert S. Gazzale, 2009. "Learning to Play Nash from the Best," Department of Economics Working Papers 2009-03, Department of Economics, Williams College.
    6. Elliott, Catherine S. & Hayward, Donald M., 1998. "The expanding definition of framing and its particular impact on economic experimentation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 27(2), pages 229-243.
    7. Yoder, Jonathan K. & Ohler, Adrienne M. & Chouinard, Hayley H., 2014. "What floats your boat? Preference revelation from lotteries over complex goods," Journal of Environmental Economics and Management, Elsevier, vol. 67(3), pages 412-430.
    8. Nicolas Marciales Parra, 2013. "A mathematical model for consumers based on aspiration adaptation theory and bounded rationality," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 136-143, June.
    9. Theo Offerman & Jan Potters & Joep Sonnemans, 2002. "Imitation and Belief Learning in an Oligopoly Experiment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(4), pages 973-997.
    10. Henrich, Joseph, 2004. "Reply," Journal of Economic Behavior & Organization, Elsevier, vol. 53(1), pages 127-143, January.
    11. Dawid, Herbert, 2000. "On the emergence of exchange and mediation in a production economy," Journal of Economic Behavior & Organization, Elsevier, vol. 41(1), pages 27-53, January.
    12. Sloof, Randolph & van Praag, C. Mirjam, 2008. "Performance measurement, expectancy and agency theory: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 794-809, September.
    13. Sunitiyoso, Yos & Avineri, Erel & Chatterjee, Kiron, 2011. "The effect of social interactions on travel behaviour: An exploratory study using a laboratory experiment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(4), pages 332-344, May.
    14. Pingle, Mark, 2000. "The effect of decision costs on the formation of market-making intermediaries: a pilot experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 41(1), pages 3-26, January.
    15. Innocenti, Stefania & Cowan, Robin, 2019. "Self-efficacy beliefs and imitation: A two-armed bandit experiment," European Economic Review, Elsevier, vol. 113(C), pages 156-172.
    16. Pingle, Mark, 1997. "Submitting to authority: Its effect on decision-making," Journal of Economic Psychology, Elsevier, vol. 18(1), pages 45-68, February.
    17. Pingle, Mark & Day, Richard H., 1996. "Modes of economizing behavior: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 191-209, March.
    18. Alejandro Fernandez & Pascale Zaraté & Juan Cruz Gardey & Gabriela Bosetti, 2021. "Supporting multi-criteria decision-making across websites: the Logikós approach," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 29(1), pages 201-225, March.
    19. Eric Taylor & Katherine E. Atkins & Jan Medlock & Meng Li & Gretchen B. Chapman & Alison P. Galvani, 2016. "Cross-Cultural Household Influence on Vaccination Decisions," Medical Decision Making, , vol. 36(7), pages 844-853, October.
    20. Witt, Ulrich & Worch, Hagen, 2023. "Growth-induced crises and transitions in the governance of firm organizations," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 1182-1191.

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