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Persistent link: https://www.econbiz.de/10011296247
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006
of the expert, the decision-maker takes action at every period according to his posterior beliefs. At the end of each … round of play, the true current state is verifiable. The distinctive assumption of the paper is that the decision …
Persistent link: https://www.econbiz.de/10008747722