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This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It … standard decision theories like expected utility or cumulative prospect theory. …This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It …
Persistent link: https://www.econbiz.de/10013520645
This book tries to sort out the different meanings of uncertainty and to discover their foundations. It shows that uncertainty can be represented using various tools and mental guidelines. Coverage also examines alternative ways to deal with risk and risk attitude concepts. Behavior under...
Persistent link: https://www.econbiz.de/10013520749
The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic … situations. It is related to the field of evolutionary game theory. In this book we analyze the role and the influence of general …The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic …
Persistent link: https://www.econbiz.de/10013520896
Negotiations are ubiquitous in business, politics, and private life. In many cases their outcome is of great importance. Yet, negotiators frequently act irrationally and fail to reach mutually beneficial agreements. Cognitive biases like overconfidence, egocentrism, and the mythical fixed pie...
Persistent link: https://www.econbiz.de/10014014243
Persistent link: https://www.econbiz.de/10014014402
Oligopolexperimente -- Deviations from Equilibrium in an Experiment on Signaling Games: First Results -- Strategy Choice and Network … his contributions to game theory are well-known, the behavioral side of his scientific work has received less public …
Persistent link: https://www.econbiz.de/10013522862
In this book, the authors reject the theorem-proof approach as much as possible, and emphasize the practical application of econometrics. They show with examples how to calculate and interpret the numerical results. This book begins with students estimating simple univariate models, in a step by...
Persistent link: https://www.econbiz.de/10012397044
: theory, econometric modelling, institutional analysis, data handling, estimation, inference, and interpretation. A large body … phenomena being studied. It also emphasizes the interconnectedness of theory, econometric modeling, data, estimation, inference … -- Chapter 4: Vernacular Knowledge -- Chapter 5: Data -- Chapter 6: Theory and Models -- Chapter 7: Description -- Chapter 8 …
Persistent link: https://www.econbiz.de/10012397045
This is a valuable, quantitative guide to the technicalities of optimization methodologies in gas and power markets, and will be of interest to practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling
Persistent link: https://www.econbiz.de/10012397554
theory, computational social choice, and fair division. It thus offers an interdisciplinary treatment of collective decision … making from an economic and computational perspective. Part I introduces to algorithmic game theory, focusing on both … noncooperative and cooperative game theory. Part II introduces to computational social choice, focusing on both preference …
Persistent link: https://www.econbiz.de/10012397920