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This paper offers the generalization that competitive promotions are mixed strategies. First an empirical regularity is established that promotions are independent across competitors. This regularity is then elaborated on in the context of a promotion game. The promotion game is linked to...
Persistent link: https://www.econbiz.de/10009144094
This paper examines the use of game theory in educational sciences. It describes the evolution of game theory from the defining axioms of Von Neumann and Morgenstern in 1944 to the present. After the Introduction and this description, the third part presents the methodology used to select...
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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...
Persistent link: https://www.econbiz.de/10009150890
The paper aims at providing a Game Theory model of coopetition which addresses the problem of the global Green Economy. The Green Economy is a theoretical model of sustainable development. This sustainable development model should lead to reduce emissions of greenhouse gases, determine the...
Persistent link: https://www.econbiz.de/10009151576
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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