Showing 1 - 10 of 48,407
Persistent link: https://www.econbiz.de/10011546612
This paper establishes conditions for nonparametric identification of dynamic optimization models in which agents make both discrete and continuous choices. We consider identification of both the payoff function and the distribution of unobservables. Models of this kind are prevalent in applied...
Persistent link: https://www.econbiz.de/10011757281
Persistent link: https://www.econbiz.de/10015358358
Persistent link: https://www.econbiz.de/10015210307
Persistent link: https://www.econbiz.de/10010227127
Persistent link: https://www.econbiz.de/10009740976
Persistent link: https://www.econbiz.de/10010247752
Persistent link: https://www.econbiz.de/10011427726
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
's unobservable state of mind. Using Markov decision processes, we investigate optimal decision rules and their performance in … optimal behavior through commitment-like decision rules by which players are committed to selecting the same action regardless … of their opponent's behavior. These commitment-like decision rules can enhance or reduce cooperation depending on the …
Persistent link: https://www.econbiz.de/10011515649