S
Steffen Huck
Researcher at University College London
Publications - 249
Citations - 8344
Steffen Huck is an academic researcher from University College London. The author has contributed to research in topics: Cournot competition & Competition (economics). The author has an hindex of 47, co-authored 245 publications receiving 7866 citations. Previous affiliations of Steffen Huck include Institute for the Study of Labor & Humboldt University of Berlin.
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Automatic imitation in a strategic context: players of rock-paper-scissors imitate opponents' gestures.
TL;DR: That automatic imitation emerges in a context where imitation reduces payoffs accords with its ‘automatic’ description, and implies that these effects are more akin to involuntary than to voluntary actions.
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Risk, complexity, and deviations from expected-value maximization: Results of a lottery choice experiment ☆
Steffen Huck,Georg Weizsäcker +1 more
TL;DR: The authors investigated the question which features of a decision task lead subjects to deviate from maximizing expected monetary value (EV), and found that risk avoidance occurs, but not consistently over all tasks.
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Learning to like what you have ¿ explaining the endowment effect
TL;DR: In this paper, it was shown that for a general class of evolutionary processes strictly positive endowment effects will survive in the long run and that evolution favors individuals whose preferences embody an endowment effect.
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To Commit or Not to Commit: Endogenous Timing in Experimental Duopoly Markets☆
TL;DR: In this article, the authors experimentally investigate the extended game with action commitment of Hamilton and Slutsky (1990, Games Econ. Behavior 2, 29-46) and observe endogenous Cournot outcomes and sometimes collusive play.
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Allais for all: Revisiting the paradox in a large representative sample
TL;DR: In this article, the Allais paradox questions are administered to both a representative sample of the Dutch population and to student subjects and three treatments are implemented: one with the original high hypothetical payoffs, one with low hypothetical payoff and a third with low real payoffs.