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In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably … optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects …
Persistent link: https://www.econbiz.de/10011545421
The literature on experimentation and learning typically imposes a special dynamic structure: the only connection between periods is the updating of beliefs. Hence, both the present action and present signal realization only affect the future by changing the distribution of future beliefs. In...
Persistent link: https://www.econbiz.de/10014116086
We conducted a set of experiments to compare the effect of ambiguity in single person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and...
Persistent link: https://www.econbiz.de/10012968585
We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent's preference exhibits ambiguity aversion; in particular, as represented by alpha-maxmin preferences. We construct a direct revelation...
Persistent link: https://www.econbiz.de/10012969749
This paper presents a new attempt to explore people's cooperative behavior under the natural uncertainty in decision … uncertainty in human behavior by expanding the strategic space. In this paper we extend the quantum decision-making model to a two …-player Prisoner's dilemma game by bringing in the evolutional decision operators with quantum phases. These quantum phases, following …
Persistent link: https://www.econbiz.de/10013026641
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I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762