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I am revising my game theory book, which is due at the publisher's September 1, 1999. This is the preface, which discusses changes I have made.
Persistent link: https://www.econbiz.de/10005135102
We propose a quantum-like description of markets and economics. The approach has roots in the recently developed quantum game theory. Quantum Zeno paradoxes and noncomutative quantum mecanics are also discussed.
Persistent link: https://www.econbiz.de/10005407589
I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the preface, in which I explain my choice of items to include.
Persistent link: https://www.econbiz.de/10005118567
I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the table of contents.
Persistent link: https://www.econbiz.de/10005118599
This paper provides a theoretical framework for analyzing one of the most important intangible assets in a firm: the ability to predict profitable investment opportunities. This paper shows theoretically how to measure the accuracy of information used to predict opportunities, and estimates the...
Persistent link: https://www.econbiz.de/10005134476
options. Meta-communication thus generated is a prime source of instability in financial markets. …
Persistent link: https://www.econbiz.de/10005134753
Risk exposure can be efficiently optimized in practical situations, using a new apporach to identification of investor's risk aversion.
Persistent link: https://www.econbiz.de/10005134885
This paper introduces a psychological notion of categorization into economics and derives its implications for economic decision making. We show, using a tractable model of social cognition, that a decision maker in (efficiently) assigning past experiences to categories, will sort experiences of...
Persistent link: https://www.econbiz.de/10005135029
A “framing” effect occurs when an agent’s choices are not invariant under changes in the way a choice problem is formulated, e.g. changes in the way the options are described (violation of description invariance) or in the way preferences are elicited (violation of procedure invariance)....
Persistent link: https://www.econbiz.de/10005135085
I study Cournot competition under incomplete information about demand while assuming that market price must be non-negative for all demand realizations. Although this assumption is very natural, it has only rarely been made in the earlier literature. Yet it has important economic consequences:...
Persistent link: https://www.econbiz.de/10005135132