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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...
Persistent link: https://www.econbiz.de/10008682753
Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented by probabilities, common knowledge and symmetric rationality as background assumptions are treated as “given.” A richer language enabling us to capture the process leading...
Persistent link: https://www.econbiz.de/10008682985
Persistent link: https://www.econbiz.de/10008684773
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
The paper deals about the issues arising out of implementing base rate for Indian banks. With effect from July 1st, 2010, all banks are supposed to lend at base rate or minimum level of interest rate to customers. The net impact of this for retail customer will not be much as cost of funds for...
Persistent link: https://www.econbiz.de/10008685532
This paper aims to analyze the role of personal identity in altruism. To this end, it starts by reviewing critically the growing literature on economics and identity. Considering the ambiguities that the concept of social identity poses, our proposal focuses on the concept of personal identity....
Persistent link: https://www.econbiz.de/10008691589
Steadily growing applications of game theory in modern science (including psychology, biology and economics) require sources to provide rapid access in both classical tools and recent developments to readers with diverse backgrounds. This book on game theory, its applications and mathematical...
Persistent link: https://www.econbiz.de/10008691681
This survey paper examines the problem of achieving global cooperation to reduce greenhouse gas emissions. Contributions to this problem are reviewed from non-cooperative game theory, cooperative game theory, and implementation theory. Solutions to games where players have a continuous choice...
Persistent link: https://www.econbiz.de/10008693240