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This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been … handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is …
Persistent link: https://www.econbiz.de/10010860430
observations, and the assumption of Bayesian rationality. Since no betting strategy is irrational, Bayesianism is useless as a … normative theory as well. …
Persistent link: https://www.econbiz.de/10010956859
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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/10005649761
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It is well known that in three-person transferable-utility cooperative games the bargaining set {\cal M}i1 and the core coincide for any coalition structure, provided the latter solution is not empty. In contrast, five-person totally-balanced games are discussed in the literature in which the...
Persistent link: https://www.econbiz.de/10005375576
We prove a theorem on the intersection of the Weber sets (Weber, 1988) of two ordered cooperative games. From this theorem several consequences are derived, the inclusion of the core in the Weber set (Weber, 1988), the fact that every convex game has a large core (Sharkey, 1982), and a discrete...
Persistent link: https://www.econbiz.de/10005375634
Semivalues like the Shapley value and the Banzhaf value may assign the same payoff vector to different games. It is even possible that two games attain the same outcome for all semivalues. Due to the linearity of the semivalues, this exactly occurs in case the difference of the two games is an...
Persistent link: https://www.econbiz.de/10005375654