the equilibria are risk-neutral probabilities, interpretable as products of subjective probabilities and relative marginal …

women appear to weigh performance variables differently when relying on subjective probabilities. At best men base their …

, H55 Keywords: ageing, savings behavior, social security, subjective probabilities, uncertainty Corresponding … accumulation has not been assessed so far. 1.2 Expectations measured in subjective probabilities In the empirical analysis in this … paper I analyze the response to expectations by exploiting variation in the subjective probabilities individuals assign to …

the Nash equilibrium suggested by the game. We contend that this seeming irrationality may be based upon the subjective … probabilities of the players. We proffer an alternative basis upon which beliefs in game theory might be formed - 'returns …

to coordinate their actions. Therefore players form subjective probabilities of the actions of their opponents. We … provide a new method termed the ‘returns-based beliefs’ approach of forming subjective probabilities that is based upon the …