Publications

2022 and forthcoming

Part-Time Bayesians: Incentives and Behavioral Heterogeneity in Belief Updating (PDF, 904 KB), Carlos Alós-Ferrer and Michele Garagnani, Management Science, forthcoming.
  
Excess Payoff Dynamics in Games, Carlos Alós-Ferrer and Josef Hofbauer, Journal of Economic Theory, forthcoming.
  
Does Choice Change Preferences? An Incentivized Test of the Mere Choice Effect, Carlos Alós-Ferrer and Georg D. Granic, Experimental Economics, forthcoming.
  
The Gradual Nature of Economic Errors, Carlos Alós-Ferrer and Michele Garagnani, Journal of Economic Behavior and Organization, 200, August 2022, 55-66.
  
Strength of Preference and Decisions Under Risk, Carlos Alós-Ferrer and Michele Garagnani, Journal of Risk and Uncertainty, 64 (3), June 2022, 309-329.
  
Attention and Salience in Preference Reversals, Carlos Alós-Ferrer and Alexander Ritschel, Experimental Economics, 25, June 2022, 1024-1051.
  
The Reinforcement Paradox: Monetary Incentives and Bayesian Updating, Carlos Alós-Ferrer, Johannes Buckenmaier, Michele Garagnani, and Alexander Ritschel, Economics Letters, 211, February 2022, 110200.
  

Do Traders Learn to Select Efficient Market Institutions?, Carlos Alós-Ferrer, Johannes Buckenmaier, and Georg Kirchsteiger, Experimental Economics, 25, February 2022, 223-228.

  
The Trembling Chairman Paradox, Carlos Alós-Ferrer, Games and Economic Behavior, 131, January 2022, 51-56.
  

Generous with Individuals and Selfish to the Masses, Carlos Alós-Ferrer, Jaume García-Segarra, and Alexander Ritschel, Nature Human Behaviour, 6, January 2022, 88-96.

Covered as Research Highlight in Nature.

Behind the Paper at Nature: Behavioral and Social Sciences.

News Release of the University of Zurich (here in English).

News Release of the Nomis Foundation.

Press Coverage: New Scientist (Reposts: Daily Advent, The Hack Posts, NewsBinding), Spektrum (German), Frankfurter Allgemeine Zeitung (German), The US News, yahoo!Life, yahoo!Finance, Futurity.org, Big News Network, MirageNews, AlphaGalileo.org, moneycab, TechnologyNetworks, Phys.org, Latestly, Germanic News,  Illinois News Today, St.Louis News, Israel Herald, Sydney Sun,  MedAustria News (closed access), Argentina Star, Mexico Star, Venezuela Star, Barbados News, India Gazette, Bihar24x7, Punjab Live, Gujarat Varta, Haryana Today, Odisha Post, Beijing News, Hong Kong Herald, ANI News (South Asia), Sify.com, Tajikistan News, NewKerala, Vanakkam Tamil Nadu, Andhra Pradesh Mirror, Babushahi, Manila Metro, Nigeria Sun, Sierra Leone Times, Naked Science (Russian), GuruMed (French), Futura Sciences (French), Anandabazar (Bangla),

Spanish Press: QUO, Mundo Deportivo, Diario Dia, Diario Siglo XXI, NoticiasDe, El Nuevo Mundo, InfoSalus, La Provincia Digital, TekCrispy.

Swiss Press: Radio SF3, Le Temps, Blick (echoed in MSN.com), Tagesanzeiger, Basler Zeitung, Berner Zeitung, Der Bund, Nau, Zürcher Unterländer, myScience.ch, SeniorWeb.

  

2021

Multi-Lateral Strategic Bargaining Without Stationarity, Carlos Alós-Ferrer and Klaus Ritzberger, Journal of Mathematical Economics, 97, December 2021, 102540.

  
The Role of Payoff Valence on Voting: Egalitarian for Gains and Selfish for Losses, Carlos Alós-Ferrer, Michele Garagnani, and Jaume Garcia-Segarra, Frontiers in Psychology, 12, November 2021, 737225.
  

Effortful Bayesian Updating: A Pupil-Dilation Study, Carlos Alós-Ferrer, Alexander Jaudas, and Alexander Ritschel, Journal of Risk and Uncertainty, 63 (1), August 2021, pp. 81-102.

  
Time Will Tell: Recovering Preferences when Choices are Noisy, Carlos Alós-Ferrer, Ernst Fehr and Nick Netzer, Journal of Political Economy, 29 (6), June 2021, pp. 1828-1877.  

Cognitive Sophistication and Deliberation Times, Carlos Alós-Ferrer and Johannes Buckenmaier, Experimental Economics, 24, June 2021, pp. 558–592.

  

When Are Efficient Conventions Selected in Networks?, Carlos Alos-Ferrer, Johannes Buckenmaier, and Federica Farolfi, Journal of Economic Dynamics and Control, 124, March 2021, 104074.

  

Imitation, Network Size, and Efficiency, Carlos Alos-Ferrer, Johannes Buckenmaier, and Federica Farolfi, Network Science, 9 (1), March 2021, pp. 123–133.

  

Multiple Behavioral Rules in Cournot Oligopolies, Carlos Alós-Ferrer and Alexander Ritschel, Journal of Economic Behavior and Organization, 183, March 2021, pp. 250-267.

  
Conditional valuation for combinations of goods in primates, Hui-Kuan Chung, Carlos Alós-Ferrer, and Philippe Tobler, Philosophical Transactions of the Royal Society B, 376 (1819), March 2021, 20190669.  
Attentional Shifts and Preference Reversals: An Eye-tracking Study, Carlos Alós-Ferrer, Alexander Jaudas, and Alexander Ritschel, Judgment and Decision Making, 16 (1), Jan 2021, pp. 57-93.  
Choice Consistency and Strength of Preference, Carlos Alós-Ferrer and Michele Garagnani, Economics Letters, 198, Jan 2021, 109672.  

2020

(Editorial) At the eve of the 40th anniversary of the Journal of Economic Psychology: Standards, practices, and challenges, Carlos Alós-Ferrer and Eldad Yechiam, Journal of Economic Psychology, 80, October 2020, 102309.  

The Cognitive Foundations of Cooperation, Carlos Alós-Ferrer and Michele Garagnani, Journal of Economic Behavior and Organization, 175, July 2020, pp. 71-85.

  

Reduced Normal Forms are not Extensive Forms, Carlos Alós-Ferrer and Klaus Ritzberger, Economic Theory Bulletin, 8(2), May 2020, pp. 281-288.

  

2019

Habituation Does Not Rescue Depletion: Two Tests of the Ego-Depletion Effect, Carlos Alós-Ferrer, Alexander Ritschel, Jaume García-Segarra and Anja Achtziger, Journal of Economic Psychology, Volume 75, Part A, December 2019, 102122.

Strongly Sincere Best Responses under Approval Voting and Arbitrary Preferences, Carlos Alós-Ferrer and Johannes Buckenmaier, Games and Economic Behavior, 117, September 2019, pp. 388-401.

Trust Games and Beyond, Carlos Alós-Ferrer and Federica Farolfi, Frontiers in Neuroscience, Volume 13, September 2019, Article 887, pp. 1-16.
True to Which Self? Lay Rationalism and Decision Satisfaction in Self-Control Conflicts, Michail D. Kokkoris, Erik Hoelzl and Carlos Alós-Ferrer, Journal of Personality and Social Psychology, 117(2), Aug 2019, pp. 417-447.

Press Coverage:
Der Standard (AT, Sept 2019) Der Standard (AT, July 2019), Blick (CH), TagBlatt (CH), Supermed (AT), Science.ORF (AT), L'essentiel (LU) .

2018

Anchoring on Utopia: A Generalization of the Kalai-Smorodinsky Solution, Carlos Alós-Ferrer, Jaume Garcia-Segarra and Miguel Ginés-Vilar, Economic Theory Bulletin, 6(2), October 2018, pp. 141–155.
The Reinforcement Heuristic in Normal Form Games, Carlos Alós-Ferrer and Alexander Ritschel, Journal of Economic Behavior and Organization, 152, August 2018, pp. 224-234.
Social Preferences and Self-Control, Anja Achtziger, Carlos Alós-Ferrer and Alexander K. Wagner, Journal of Behavioral and Experimental Economics, 74, June 2018, pp. 161-166.
A Dual-Process Diffusion Model, Carlos Alós-Ferrer, Journal of Behavioral Decision Making, 31 (2), April 2018, pp. 203-218.

A Review Essay on Social Neuroscience: Can Research on the Social Brain and Economics Inform Each Other?, Carlos Alós-Ferrer, Journal of Economic Literature, 56 (1), March 2018, pp. 234-264.
Covered as Research Highlight by the American Economic Association Link
Italian translation published in: Sistemi Intelligenti, XXX (2), August 2018, pp. 229-274 Link
Performance Curiosity, Carlos Alós-Ferrer, Jaume García-Segarra and Alexander Ritschel, Journal of Economic Psychology, 64, February 2018, pp. 1–17.

 

2017

Cournot vs. Walras: A Reappraisal through Simulations, Carlos Alós-Ferrer and Johannes Buckenmaier, Journal of Economic Dynamics and Control, 82, September 2017, pp. 257–272.
Super-Additivity and Concavity are Equivalent for Pareto Optimal n-Agent Bargaining Solutions, Carlos Alós-Ferrer, Jaume Garcia-Segarra and Miguel Ginés-Vilar, Economics Letters, 157, August 2017, pp. 50–52.  
Framing Effects and the Reinforcement Heuristic, Carlos Alós-Ferrer, Sabine Hügelschäfer and Jiahui Li, Economics Letters, 156, July 2017, pp. 32–35.
Does Backwards Induction Imply Subgame Perfection?, Carlos Alós-Ferrer and Klaus Ritzberger, Games and Economic Behavior, 103, May 2017, pp. 19-29.
Characterizations of Perfect Recall, Carlos Alós-Ferrer and Klaus Ritzberger, International Journal of Game Theory, 46(2), May 2017, pp. 311–326.
Market Selection by Boundedly-Rational Traders under Constant Returns to Scale, Carlos Alós-Ferrer and Georg Kirchsteiger, Economics Letters, 153, April 2017, pp. 51–53.
On the Convergence of Logit-Response to (Strict) Nash Equilibria, Carlos Alós-Ferrer and Nick Netzer, Economic Theory Bulletin, 5(1), April 2017, pp. 1–8.
Trader Matching and the Selection of Market Institutions, Carlos Alós-Ferrer and Johannes Buckenmaier, Journal of Mathematical Economics, 69, February 2017, pp. 118–127
Characterizing Existence of Equilibrium for Large Extensive Form Games: A Necessity Result, Carlos Alós-Ferrer and Klaus Ritzberger, Economic Theory, 63 (2), February 2017, pp. 407–430.

 

2016

Faith in Intuition and Cognitive Reflection, Carlos Alós-Ferrer and Sabine Hügelschäfer, Journal of Behavioral and Experimental Economics, 64, October 2016, pp. 61-70.
Cognitive Reflection, Decision Biases, and Response Times, Carlos Alós-Ferrer and Michele Garagnani and Sabine Hügelschäfer, Frontiers in Psychology, 7, Article 1402, September 2016, pp. 1-21.
The Impact of Self-Control Depletion on Social Preferences in the Ultimatum Game, Anja Achtziger, Carlos Alós-Ferrer and Alexander K. Wagner Journal of Economic Psychology, 53, April 2016, pp. 1-16.
Preference Reversals: Time and Again, Carlos Alós-Ferrer, Ðura-Georg Granić, Johannes Kern and Alexander K. Wagner, Journal of Risk and Uncertainty, 52 (1), February 2016, pp. 65-97.
Inertia and Decision Making, Carlos Alós-Ferrer, Sabine Hügelschäfer and Jiahui Li, Frontiers in Psychology, 7, Article 169, February 2016, pp. 1-9.
Equilibrium Existence for Large Perfect Information Games, Carlos Alós-Ferrer and Klaus Ritzberger, Journal of Mathematical Economics, 62, January 2016, pp. 5-18.

 

2015

Self-Control Depletion and Decision Making, Carlos Alós-Ferrer, Sabine Hügelschäfer and Jiahui Li, Journal of Neuroscience, Psychology, and Economics, 8(4), December 2015, pp. 203-216.
Repeated Games in Continuous Time as Extensive Form Games, Carlos Alós-Ferrer and Johannes Kern, Journal of Mathematical Economics, 61, December 2015, pp. 34-57.
Higher Incentives Can Impair Performance: Neural Evidence on Reinforcement and Rationality, Anja Achtziger, Carlos Alós-Ferrer, Sabine Hügelschäfer, and Marco Steinhauser, Social Cognitive and Affective Neuroscience, 10 (11), November 2015, pp. 1477-1483.
Learning and Market Clearing: Theory and Experiments, Carlos Alós-Ferrer and Georg Kirchsteiger, Economic Theory, 60 (2), October 2015, pp. 203-241.
On the Characterization of Preference Continuity by Chains of Sets, Carlos Alós-Ferrer and Klaus Ritzberger, Economic Theory Bulletin, 3 (2), October 2015, pp. 115-128.
Political Space Representations with Approval Data, Carlos Alós-Ferrer and Ðura-Georg Granić, Electoral Studies, 39, September 2015, pp. 56-71.

Money, Depletion, and Prosociality in the Dictator Game, Anja Achtziger, Carlos Alós-Ferrer and Alexander K. Wagner, Journal of Neuroscience, Psychology, and Economics, 8(1), March 2015, pp. 1-14.

Press Coverage: Pacific Standard
Robust Stochastic Stability, Carlos Alós-Ferrer and Nick Netzer, Economic Theory, 58 (1), January 2015, pp. 31-57.
Choice-Induced Preference Change and the Free-Choice Paradigm: A Clarification, Carlos Alós-Ferrer and Fei Shi, Judgment and Decision Making, 10(1), January 2015, pp. 34-49.

2014

Imitation and the Role of Information in Overcoming Coordination Failures, Carlos Alós-Ferrer and Simon Weidenholzer, Games and Economic Behavior, 87, September 2014, pp. 397-411.
Fast or Rational? A Response-Times Study of Bayesian Updating, Anja Achtziger and Carlos Alós-Ferrer, Management Science, 60 (4), April 2014, pp. 923-938.
From Dual Processes to Multiple Selves: Implications for Economic Behavior, Carlos Alós-Ferrer and Fritz Strack, Journal of Economic Psychology, 41, April 2014, pp. 1-11.
Adaptive Preferences and Institutional Stability: Comment, Carlos Alós-Ferrer, Journal of Institutional and Theoretical Economics, 170 ( 1), February 2014, pp. 37-42.
The Neural Basis of Belief Updating and Rational Decision Making, Anja Achtziger, Carlos Alós-Ferrer, Sabine Hügelschäfer, and Marco Steinhauser, Social Cognitive and Affective Neuroscience, 9 (1), January 2014, pp. 55-62.

 

2013

Hidden Symmetries and Focal Points, Carlos Alós-Ferrer and Christoph Kuzmics, Journal of Economic Theory, 148 (1), January 2013, pp. 226-258.
Large Extensive Form Games, Carlos Alós-Ferrer and Klaus Ritzberger, Economic Theory, 52 (1), January 2013, pp. 75-102.

 

2012

Choices and Preferences: Evidence from Implicit Choices and Response Times, Carlos Alós-Ferrer, Ðura-Georg Granić, Fei Shi, and Alexander K. Wagner, Journal of Experimental Social Psychology, 48 (6), November 2012, pp. 1336-1342.
Job Market Signaling and Employer Learning, Carlos Alós-Ferrer and Julien Prat, Journal of Economic Theory, 147 (5), September 2012, pp. 1787-1817.
Faith in Intuition and Behavioral Biases, Carlos Alós-Ferrer and Sabine Hügelschäfer, Journal of Economic Behavior and Organization, 84 (1), September 2012, pp. 182-192.
Two Field Experiments on Approval Voting in Germany, Carlos Alós-Ferrer and Ðura-Georg Granić, Social Choice and Welfare, 39 (1), June 2012, pp. 171-205.
Imitation with Asymmetric Memory, Carlos Alós-Ferrer and Fei Shi, Economic Theory, 49 (1), Jan 2012, pp. 193-215.

 

2010

General Equilibrium and the Emergence of (Non) Market Clearing Trading Institutions, Carlos Alós-Ferrer and Georg Kirchsteiger. Economic Theory, 44 (3), Sept 2010, pp. 339-360.
Best-response Dynamics in a Birth-Death Model of Evolution in Games, Carlos Alós-Ferrer and Ilja Neustadt. International Game Theory Review, June 2010, 12 (2), pp. 197-204.
On the Evolution of Market Institutions: The Platform Design Paradox, Carlos Alós-Ferrer, Georg Kirchsteiger and Markus Walzl. Economic Journal, 120 (543), March 2010, pp. 215-243.
The Logit-Response Dynamics, Carlos Alós-Ferrer and Nick Netzer. Games and Economic Behavior, 68 (2), March 2010, pp. 413-427.

 

2008

Contagion and Efficiency, Carlos Alós-Ferrer and Simon Weidenholzer. Journal of Economic Theory, 143 (1), Nov 2008, pp. 251-274.
Trees and Extensive Forms,” Carlos Alós-Ferrer and Klaus Ritzberger. Journal of Economic Theory, 143 (1), Nov 2008, pp. 216-250.
See also: Comments on ‘Trees and Extensive Forms’, Carlos Alós-Ferrer, Johannes Kern and Klaus Ritzberger, Journal of Economic Theory, 146 (5), Sept 2011, pp. 2165-2168.
Learning, Bounded Memory, and Inertia, Carlos Alós-Ferrer, Economics Letters, 101 (2), Nov 2008, pp. 134-136.

 

2007

Partial Bandwagon Effects and Local Interactions, Carlos Alós-Ferrer and Simon Weidenholzer. Games and Economic Behavior 61 (2), Nov 2007, pp. 179-197
Nash Equilibria for non-binary choice rules, Carlos Alós-Ferrer and J.C.R. Alcantud. International Journal of Game Theory 35 (3), Feb 2007, pp. 455-464.

 

2006

A Simple Characterization of Approval Voting, Carlos Alós-Ferrer, Social Choice and Welfare 27 (3), Dec 2006, pp. 621-625.
Imitation, Local Interactions, and Efficiency, Carlos Alós-Ferrer and Simon Weidenholzer. Economics Letters 93 (2), Nov 2006, pp. 163-168.
The Discretization of Continuum Strategy Spaces, Carlos Alós-Ferrer, International Game Theory Review 8 (3), Sept 2006, pp. 499-514.

 

2005

The Evolutionary Stability of Perfectly Competitive Behavior, Carlos Alós-Ferrer and Ana B. Ania. Economic Theory 26 (3), Oct 2005, pp. 497-516.
Trees and Decisions, Carlos Alós-Ferrer and Klaus Ritzberger. Economic Theory 25 (4), June 2005, pp. 763-798.
The Asset Market Game, Carlos Alós-Ferrer and Ana B. Ania. Journal of Mathematical Economics 41 (1-2), Feb 2005, pp. 67-90.
Some Remarks on Pseudotrees, Carlos Alós-Ferrer and Klaus Ritzberger. Order 22 (1), Feb 2005, pp. 1-9.

 

2004 and earlier

Cournot vs. Walras in Dynamic Oligopolies with Memory, Carlos Alós-Ferrer, International Journal of Industrial Organization 22 (2), Feb 2004, pp. 193-217.
Finite Population Dynamics and Mixed Equilibria, Carlos Alós-Ferrer, International Game Theory Review 5 (3), Sept 2003, pp. 263-290.
A Comment on ‘The Selection of Preferences through Imitation’, Carlos Alós-Ferrer and Manfred Nermuth. Economics Bulletin 3 (7), 2003, pp. 1-9.
Random Matching of Several Infinite Populations, Carlos Alós-Ferrer, Annals of Operations Research 114, Aug 2002, pp. 33-38.
Local Equilibria in Economic Games, Carlos Alós-Ferrer and Ana B. Ania. Economics Letters 70 (2), Feb 2001, pp. 165-173.
An Evolutionary Model of Bertrand Oligopoly, Carlos Alós-Ferrer, Ana B. Ania and K.R. Schenk-Hoppé. Games and Economic Behavior 33 (1), Oct 2000, pp. 1-19.
Dynamical Systems with a Continuum of Randomly Matched Agents, Carlos Alós-Ferrer, Journal of Economic Theory 86 (2), June 1999, pp. 245-267.

 

Other publications (book chapters, other-language articles, etc.)

“Behavioral Rules.” Carlos Al\'os-Ferrer and Johannes Buckenmaier. In: C. Monica Capra, Rachel Croson, Mary Rigdon and Tanya Rosenblat (Eds.), “Handbook of Experimental Game Theory,” Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing.
“Intervista a Carlos Al\'os-Ferrer,” interview by Pietro Terna, Sistemi Intelligenti, 3, December 2019, pp. 633--638.
Entscheiden aus (mikro-)ökonomischer Perspektive, Unterricht Wirtschaft + Politik, 4/2017, pp. 2-7 ("Basisartikel").
“Economic Behavior and the Reflective-Impulsive Duality.” In: Roland Deutsch, Bertram Gawronski, and Wilhelm Hofmann (Eds.), “Reflective and Impulsive Determinants of Human Behavior,” Routledge 2016, pp. 205-222.
Entries “Cognitive Dissonance” and “Spain” in The Sage Encyclopedia of War: Social Science Perspectives, November 2016, Paul I. Joseph (ed), Sage Publications, Thousand Oaks, California.
“Intuition und Rationales Entscheiden – Aktuelle Erkenntnisse zu grundlegenden Prozessen ökonomischer Entscheidungsfindung,” Anja Achtziger and Carlos Alós-Ferrer, SEM Radar, Zeitschrift für Systemdenken und Entscheidungsfindung im Management, 2014/1, pp. 1–10.
Augen auf und Durch, Achtziger, A., and Alós-Ferrer, C., Gastkommentar, Econo 2/2012 (Dezember 2012).
Games: An Interdisciplinary Open-Access Journal, (Editorial), Games 2010, 1, 1–2.
“Approval Voting in Germany: Description of a Field Experiment,” Carlos Alós-Ferrer and Ðura-Georg Granić. In: Laslier, J.F. and Sanver, M.R. (Eds), “Handbook on Approval Voting,” Springer Verlag, 2010, pp. 397-411.
“Imitation and Learning,” Carlos Alós-Ferrer and Karl Schlag. In: Anand, P., Pattanaik, P., Puppe, C. (Eds.), “Handbook of Social and Rational Choice,” Oxford University Press, 2009, pp. 271-297.
“Do People Update Beliefs? A Critical Review and Some New Evidence,” joint with Anja Achtziger. In: Franz, W., Güth, W., Ramser, H.-J., Stadler, M. (Eds.), “Experimentelle Wirtschaftsforschung,” 38. Wirtschaftswissenschaftliches Seminar Ottobeuren, Mohr Siebeck 2009.
“Teoría de Juegos e Historia Económica: una simbiosis necesaria,” Información Comercial Española - Revista de Economía, No. 812, Jan 2004, pp. 27-33.
“An Evolutionary Model of Market Structure,” Carlos Alós-Ferrer and Ana B. Ania and Fernando Vega Redondo. In: van der Laan, G., Herings, P.J.J., Talman, A.J.J. (Eds.), “The Theory of Markets,” North Holland, Amsterdam, 1999.