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Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
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This article is an overview of recent progress on a theory of games, whose payoffs are probability distributions rather …. These issues motivated the use of probability distributions as a more complex object to express revenues. The resulting …
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terms of utility cum probability. However, similar to traditional rational choice modeling, boundedly rational choice …
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Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
Persistent link: https://www.econbiz.de/10011709869
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