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In statistics it is necessary to study the relation among many probability distributions. Information geometry elucidates the geometric structure on the space of all distributions. When combined with Bayesian decision theory, it leads to the new concept of "ideal estimates." They uniquely exist...
Persistent link: https://www.econbiz.de/10005837734
Current techniques of DNA analysis enable the scoring of hundreds of electrophoretic bands using a small amount of DNA from an individual. The sample size in pilot experiments is typically orders of magnitude smaller then the number of bands contained in a molecular profile. Nevertheless, it is...
Persistent link: https://www.econbiz.de/10005739970
The widespread use and proven profitability of technical trading rules in financial markets has long been a puzzle in academic finance. In this paper we show, using an agent-based model of an evolving stock market, that widespread technical trading can arise due to a multi-person prisoners'...
Persistent link: https://www.econbiz.de/10005790614
Incomplete information, local interaction, and random matching games all share a common structure. A type or player interacts with various subsets of the set of all types/players. A type/player's total payoff is additive in the payoffs from these various interactions. This paper describes a...
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Many of the applications of game theory have been to economics where the individuals under study are assumed to be maximizing profits or Òutility'' or some other conventional economic goal of Òstatus.'' Loosely stated we think of status as one's position in a society compared with others,...
Persistent link: https://www.econbiz.de/10005790709
Experimental behavioral scientists have found consistent deviations from the predictions of the canonical model of self-interest in over a hundred experiments from around the world. Prior research cannot determine whether this uniformity results from universal patterns of behavior, or from the...
Persistent link: https://www.econbiz.de/10005790831
Three paradigms for the study of the evolution of behavior are reviewed. The first is kin selection, originally seen as an explanation for the evolution of altruistic behavior among relatives. This leads to the concept of inclusive fitness as a measure of an individual's contribution to...
Persistent link: https://www.econbiz.de/10005790832