Showing 1 - 10 of 30
We present a model of brand-switching in which a consumer's impression of each brand is based on her memory of past consumption of this brand, and is stochastically updated whenever the brand is consumed. In the ordinal version of the model, consumer's memory is an ordering of the available...
Persistent link: https://www.econbiz.de/10005824369
Persistent link: https://www.econbiz.de/10005824371
Persistent link: https://www.econbiz.de/10005824383
Case-based Decision Theory (CBDT) suggests that decisions under ucnertainty are made by analogies to previously-encountered problems. The theory postulates a similarity function over decision problems and a utility functionon outcomes, such that acts are evaluated by a similarity-weighted sum of...
Persistent link: https://www.econbiz.de/10005824503
This paper studies some new properties of set functions (and, in particular, "non-additive probabilities" or "capacities") and the Choquet integral with respect to such functions, in the case of a finite domain. We use an isomorphism between non-additive measures on the original space (of states...
Persistent link: https://www.econbiz.de/10005824522
Persistent link: https://www.econbiz.de/10005824563
Persistent link: https://www.econbiz.de/10005824603
In this note we reconsider an argument, borrowed from causal decision theory, according to which rational and identical players should cooperate in a one-shot prisoner's dilemma. We argue that, regardless of how one views this type of reasoning, the example rpoints at a possible inconsistency in...
Persistent link: https://www.econbiz.de/10005824647
Global games are real-valued functions defined on partitions (rather than subsets) of the set of players. They capture "public good" aspects of cooperation, i.e. situations where the payoff is naturally defined for all players ("the globe") together, as is the cause with issues of environmental...
Persistent link: https://www.econbiz.de/10005824681
The representation of a cooperative transferable utility game as a linear combination of unanimity games may be viewed as an isomorphism between not-necessarily additive set functions on the players space and additive ones on the coalitions space. We extend the unanimity-basis representation to...
Persistent link: https://www.econbiz.de/10005824699