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Decision-making is becoming increasingly complex as the number of stakeholders rises,the number of decision-makers rises as well, the implications to consider are various and far-reaching,risks and uncertainties abound and the regulatory framework is growing increasingly complex.Decision-making...
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We introduce a modification to the two-timescale games studied in the evolution of preferences (EOP) literature. In this modification, the strategic process occurring on the long timescale is learning by an individual across his or her lifetime, not natural selection operating on genomes over...
Persistent link: https://www.econbiz.de/10008679707
With Nash?s program, contemporary game theory appears like an homogeneous sub-ject based on individual strategic rationality. Cooperative and non cooperative approaches complement one another and request only one model of player. Historically, Nash?s program refers to the bargaining problem...
Persistent link: https://www.econbiz.de/10008680077
The behavioural game theory proposes a frame for modelling human behaviours in strategic interactions in a general, predictive and realistic way. Using the huge amount of experimental data accumulated during the last 25 years, and the recent results in neuroeconomics, this approach renews the...
Persistent link: https://www.econbiz.de/10008680220
This study objective at investigating the Brazilian soybean complex in the period 1990 to 2006, using the theoretical model of Brander-Spencer (1984) and the instrument of strategies based on game theory. The methodology used to estimate the payoffs of the game between Brazil and the United...
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In this paper, it is shown that the concept “economic imperialism” has no real content with epistemological point of view: there is no evidence of using specific economic methodology in areas of other social disciplines. Economics is in a permanent crisis caused by the impossibility to...
Persistent link: https://www.econbiz.de/10008684889