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This paper relates normative expected-utility decision making to target-based decision making, and introduces a new quantity, the aspiration equivalent. We show that using the aspiration equivalent as a target provides a new method for choosing between lotteries that is consistent with...
Persistent link: https://www.econbiz.de/10005443157
Persistent link: https://www.econbiz.de/10006292028
In this paper, a design of strategies for players in pursuit-evasion games, is provided. The design incorporates players' preferences captured in their goal functions which are constructed using particular functional forms that include multiattribute copulas. The approach provides closed-form...
Persistent link: https://www.econbiz.de/10011011312