Showing 1 - 10 of 2,133
In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably … examined. I introduce a strategy concept which is an extension of the standard concept employed since von Neumann and … optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects …
Persistent link: https://www.econbiz.de/10011545421
decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that … decision errors are correlated with the strong inverse-S-shaped probability weighting (w(p)) patterns in our two samples. We …
Persistent link: https://www.econbiz.de/10014581476
between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …
Persistent link: https://www.econbiz.de/10014323610
Persistent link: https://www.econbiz.de/10014285268
Persistent link: https://www.econbiz.de/10003881657
Persistent link: https://www.econbiz.de/10010431382
Persistent link: https://www.econbiz.de/10001648937
Persistent link: https://www.econbiz.de/10000938571
We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent's preference exhibits ambiguity aversion; in particular, as represented by alpha-maxmin preferences. We construct a direct revelation...
Persistent link: https://www.econbiz.de/10012969749
This paper presents a new attempt to explore people's cooperative behavior under the natural uncertainty in decision … uncertainty in human behavior by expanding the strategic space. In this paper we extend the quantum decision-making model to a two …-player Prisoner's dilemma game by bringing in the evolutional decision operators with quantum phases. These quantum phases, following …
Persistent link: https://www.econbiz.de/10013026641