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Consistency and aggregation in individual choice under uncertainty
Birchby, Jeff; Gigliotti, Gary; Sopher, Barry - 2011
It is common in studies of individual choice behavior to report averages of the behavior under consideration. In the social sciences the mean is, indeed, often the quantity of interest, but at times focusing on the mean can be misleading. For example, it is well known in labor economics that...
Persistent link: https://www.econbiz.de/10010334258
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Paths and Consistency in Additive Cost Sharing
Friedman, Eric - 1999
directly from a simple sufficient condition for consistency: being generated by associative paths, which can be used to show … consistency for many other methods. We introduce a new axiom, dummy consistency, which is quite mild. Nonetheless there is an … important relationship between dummy consistency and consistency. For example, we show that all additive cost sharing methods …
Persistent link: https://www.econbiz.de/10010334354
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Calibration Estimation under Non-response and Missing Values in Auxiliary Information
Laitila, Thomas; Wang, Lisha - 2015
problem. This paper considers the consistency of the calibration estimator suggested by Särndal & Lundström (2005)for …
Persistent link: https://www.econbiz.de/10012654402
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AGM-consistency and perfect Bayesian equilibrium. Part II: From PBE to sequential equilibrium
Bonanno, Giacomo - 2014
In Bonanno (Int. J. Game Theory, 42:567-592, 2013) a general notion of perfect Bayesian equilibrium (PBE) was introduced for extensive-form games and shown to be intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed notion is the...
Persistent link: https://www.econbiz.de/10010507617
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When are preferences consistent? The effects of task familiarity and contextual cues on revealed and stated preferences
Schläpfer, Felix; Fischhoff, Baruch - 2010
: the consistency of choices in stated and revealed preference tasks. We show that both kinds of task can produce consistent …
Persistent link: https://www.econbiz.de/10010315548
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Observable implications of nash and subgame-perfect behavior in extensive games
Ray, Indrajit; Snyder, Susan - 2003
In this paper we develop tests for whether play in a game is consistent with equilibrium behavior when preferences are unobserved. We provide necessary and sufficient conditions for observed outcomes in extensive game forms to be rationalized first, partially, as a Nash equilibrium and then,...
Persistent link: https://www.econbiz.de/10010318885
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A comparison of the average prekernel and the prekernel
Serrano, Roberto; Shimomura, Ken-ichi - 2001
-person games, and versions of average consistency and its converse for multilateral settings. …
Persistent link: https://www.econbiz.de/10010318958
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Perfect Bayesian equilibrium. Part II: epistemic foundations
Bonanno, Giacomo - 2011
extensive-form games. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency. In this … paper we provide an epistemic foundation for AGM-consistency based on the AGM theory of belief revision. …
Persistent link: https://www.econbiz.de/10010282086
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AGM-consistency and perfect Bayesian equilibrium. Part I: Definition and properties
Bonanno, Giacomo - 2010
definition is the qualitative notion of AGM-consistency, which has an epistemic justification based on the AGM theory of belief …
Persistent link: https://www.econbiz.de/10010282101
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Rational expectations and farsighted stability
Dutta, Bhaskar; Vohra, Rajiv - 2015
In the study of farsighted coalitional behavior, a central role is played by the von Neumann-Morgenstern (1944) stable set and its modification that incorporates farsightedness. Such a modification was first proposed by Harsanyi (1974) and has recently been re-formulated by Ray and Vohra (2015)....
Persistent link: https://www.econbiz.de/10011526720