Madjid Eshaghi Gordji, Gholamreza Askari
arXiv 11 Jan 2018 · Econometrics
arXiv:1801.10520 · PDF · DOI · OpenAlex · Extracted main text
The rational choice theory is based on this idea that people rationally pursue goals for increasing their personal interests. In most conditions, the behavior of an actor is not independent of the person and others' behavior. Here, we present a new concept of rational choice as a hyper-rational choice which in this concept, the actor thinks about profit or loss of other actors in addition to his personal profit or loss and then will choose an action which is desirable to him. We implement the hyper-rational choice to generalize and expand the game theory. Results of this study will help to model the behavior of people considering environmental conditions, the kind of behavior interactive, valuation system of itself and others and system of beliefs and internal values of societies. Hyper-rationality helps us understand how human decision makers behave in interactive decisions.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | John Von Neumann and Oskar Morgenstern. Princeton university press (2007) | 0.644 | 2 | 2 | 100% |
| 2 | Giuseppe Attanasi and Rosemarie Nagel. A survey of psychological gam… (2008) | 0.585 | 3 | 1 | 100% |
| 3 | Madjid Eshaghi and Gholamreza Askari. Dynamic system of strategic ga… (2017) | 0.511 | 2 | 1 | 100% |
| 4 | Rachel Croson and Mark Miller. Explaining the relationship between a… (2004) | 0.511 | 2 | 1 | 100% |
| 5 | Wändi Bruine de Bruin and Baruch Fischhoff. Eliciting probabilistic… (2017) | 0.511 | 2 | 1 | 100% |
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