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This paper explores the distinction between normative and positive theoretical statements in a game theoretic context from a Bayesian perspective. Normative and positive theoretical statements are often confused in decision making research. The confusion results from some unique epistemological...
Persistent link: https://www.econbiz.de/10009209029
This paper explores some of the consequences of adopting a modern subjective view of probability for game theory. The … characterizes game theory since the work of von Neumann and Morgenstern. Many of the distinctions that appear important in … conventional game theory (two-person versus n-person, zero-sum versus variable sum) appear unimportant in the subjective …
Persistent link: https://www.econbiz.de/10009214552