• Title of article

    Hyper-Rational Choice and Economic Behaviour

  • Author/Authors

    Eshaghi Gordji ، Majid - Semnan University , Askari ، Gholamreza - Semnan University

  • Pages
    8
  • From page
    69
  • To page
    76
  • Abstract
    In this paper, with help of the concept of hyper-rationality, we model the interaction between two investment companies by an important game as trickery game that has special equilibrium which called hyper-equilibrium. In trickery game, one company can choose cooperation with another company until the last moment and finally changes his action to noncooperation which incur more loss to an opponent. Indeed, the hypere-quilibrium is the point in which only one player can displace equilibrium to another point by changing his action which causes profit or loss to other players so they cannot change their action. Our findings indicate that the kind of behaviour interactive, environmental conditions, and valuation system are based on hostility causes an equilibrium point to incur the maximum loss to an opponent.
  • Keywords
    Game theory , Rationality , Economic behavior , Nash equilibrium
  • Journal title
    Advances in Mathematical Finance and Applications
  • Serial Year
    2018
  • Journal title
    Advances in Mathematical Finance and Applications
  • Record number

    2453124