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) and keep updating with statistical decision theoretic and game theoretic reasoning until a convergence of conjectures is … set of games than current Nash Equilibrium based games theory, including games with inaccurate observations, games with … games analyzed by the current games theory, it generates far lesser equilibriums and normally generates only a unique …
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The paper reports laboratory experiments on a day-to-day route choice game with two routes. Subjects had to choose between a main road M and a side road S. The capacity was greater for the main road. 18 subjects participated in each session. In equilibrium the number of subjects is 12 on M and 6...
Persistent link: https://www.econbiz.de/10001771947
The paper reports laboratory experiments on a day-to-day route choice game with two routes. Subjects had to choose between a main road M and a side road S. The capacity was greater for the main road. 18 subjects participated in each session. In equilibrium the number of subjects is 12 on M and 6...
Persistent link: https://www.econbiz.de/10011506494
In an experts-assisted decision making paradigm, the information collection design becomes a strategic variable under a … weak assumption that the final decision is dependent on the design used to collect information as well. As a result, the … same information of the experts and the decision maker about the problem can potentially produce different final decisions …
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that any theory on the foundations of probability should be able to account for. Bayesian decision theory, which is one … would specifically connect with the SI property. The paper develops a version of Bayesian decision theory that fills this … conditions. Two sections of comments follow, one connecting the theorems with earlier results in Bayesian decision theory, and …
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