Now showing items 1-3 of 3

    • Endogenous reference points in bargaining 

      Karagözoğlu, E.; Keskin, K. (Springer Verlag, 2018)
      We allow the reference point in (cooperative) bargaining problems with a reference point to be endogenously determined. Two loss averse agents simultaneously and strategically choose their reference points, taking into ...
    • First price auctions under prospect theory with linear probability weighting 

      Keskin, Kerim (Bilkent University, 2011)
      Overbidding in first-price sealed-bid auctions is a well-known result in the auction theory literature. For the possible reasons behind this phenomenon, economists provided many explanations; such as risk aversion, regret ...
    • On the optimality of likelihood ratio test for prospect theory-based binary hypothesis testing 

      Gezici, S.; Varshney, P. K. (Institute of Electrical and Electronics Engineers, 2018)
      In this letter, the optimality of the likelihood ratio test (LRT) is investigated for binary hypothesis testing problems in the presence of a behavioral decision-maker. By utilizing prospect theory, a behavioral decision-maker ...