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This paper studies a dynamic adjustment process in a large society of forward-looking agents where payoffs are given by a normal form supermodular game. The stationary states of the dynamics correspond to the Nash equilibria of the stage game. It is shown that if the stage game has a monotone...
Persistent link: https://www.econbiz.de/10015249409
We present a method for eliciting beliefs about probabilities when multiple realisations of an outcome are available, the "frequency'' method. The method is applicable for any reasonable utility function. Unlike existing techniques that account for deviations from risk-neutrality, this method is...
Persistent link: https://www.econbiz.de/10015266279
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Persistent link: https://www.econbiz.de/10009471726