Showing 1 - 6 of 6
This paper provides a self-contained definition and a characterization of the class of extensive form games that are adequate for applications, but still do not employ any finiteness assumptions. In spite of its simplicity, the resulting definition is more general than the classical ones....
Persistent link: https://www.econbiz.de/10010993587
The traditional model of sequential decision making, for instance, in extensive form games, is a tree. Most texts define a tree as a connected directed graph without loops and a distinguished node, called the root. But an abstract graph is not a domain for decision theory. Decision theory...
Persistent link: https://www.econbiz.de/10005370761
Persistent link: https://www.econbiz.de/10005155317
Persistent link: https://www.econbiz.de/10009324557
Consider a general equilibrium model where agents may behave strategically. Specifically, suppose some firm issues new shares. If the primary market price is controlled by the issuing institution and investors' expectations on future equity prices are constant in their share purchases, the share...
Persistent link: https://www.econbiz.de/10005596641
Persistent link: https://www.econbiz.de/10008925168