Showing 1 - 10 of 12,339
Contemporary approaches to decision making describe a decision problem by sets of states and outcomes, and a rich set of acts: functions from states to outcomes over which the decision maker (DM) has preferences. Real problems do not come so equipped. It is often unclear what the state and...
Persistent link: https://www.econbiz.de/10010294014
which the decision maker has to make some effort in order to avoid mistakes when implementing any desired outcome. The … for quantal response models in game theory. …
Persistent link: https://www.econbiz.de/10010335088
A belief operator derived from preferences is presented. It generalizes ‘belief with probability1’ to incomplete preferences and satisfies minimal requirements for belief operators under weak conditions.
Persistent link: https://www.econbiz.de/10010284299
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10010294006
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10010294849
This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory … Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …
Persistent link: https://www.econbiz.de/10010427726
We show how different kinds of belief operators derived from preferences can be defined in terms an accessibility relation of epistemic priority, and characterized by means of a vector of nested accessibility relations. The semantic structure is used to reconcile and compare certain non-standard...
Persistent link: https://www.econbiz.de/10010284443
endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and …
Persistent link: https://www.econbiz.de/10010294737
endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and …
Persistent link: https://www.econbiz.de/10010300834
Persistent link: https://www.econbiz.de/10010306018