Showing 1 - 10 of 1,495
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
Persistent link: https://www.econbiz.de/10009401907
Persistent link: https://www.econbiz.de/10005040773
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
This paper introduces a new notion of a “procedural” value for cooperative TU games. A procedural value is determined by an underlying procedure of sharing marginal contributions to coalitions formed by players joining in random order. We consider procedures under which players can only...
Persistent link: https://www.econbiz.de/10010993387
Persistent link: https://www.econbiz.de/10010993413
We present a simple game model of international environmental agreements and examine the effects of learning (resolution of uncertainty) on the stability of agreements. An agreement is said to be stable if no countries have an incentive to defect from it and free-ride. We have shown that whether...
Persistent link: https://www.econbiz.de/10010994518
In this paper, we define a modification of the Shapley value for the model of TU games with a priori unions. We provide two characterizations of this value and a new characterization of the Banzhaf–Owen coalitional value. Copyright Sociedad de Estadística e Investigación Operativa 2014
Persistent link: https://www.econbiz.de/10010995351
According to the work of Faigle [3] a static Shapley value for games on matroids has been introduced in Bilbao, Driessen, Jiménez-Losada and Lebrón [1]. In this paper we present a dynamic Shapley value by using a dynamic model which is based on a recursive sequence of static models. In this...
Persistent link: https://www.econbiz.de/10010999539