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statistics, effect sizes or significance tests. Practical implications - Gain-probability diagrams provided a much better basis …Purpose - The purpose of this article is to show the gains that can be made if researchers were to use gain-probability … for making decisions than typical summary statistics, effect sizes or significance tests. Originality/value - G-P diagrams …
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We study how changes to the informativeness of signals in Bayesian games and single-agent decision problems affect the distribution of equilibrium actions. A more precise private signal about an unknown state of the world leads to an mean-preserving spread of an agent's beliefs. Focusing on...
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This paper introduces a new game theoretic equilibrium, Bayesian equilibrium by iterative conjectures (BEIC). It requires agents to make predictions, starting from first order uninformative predictive distribution functions (or conjectures) and keep updating with statistical decision theoretic...
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