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Written in an informal way, this book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the framework of game theory in order to better fit with...
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This seminal work advances beyond neoclassical economics to provide an integrated overview of economic decision making … managerial phenomena. The results are applied to different levels of decision-making, including decisions by individuals, taking …
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Consider the possible biological origin of the expected utility criterion. On the one hand, if individuals possess a … utility function stemming from the rate of production of expected offspring, they can rapidly adapt to arbitrary unknown … distributions in a bandit problem. Embedding such a utility function in a simple rule of thumb involving no beliefs about …
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