Similar Search Results

Concepts of Forecast Horizons in Stochastic Dynamic Games

Sethi, Suresh - 2020

The concept of a forecast horizon for a given player with respect to the set of equilibria in an abstract dynamic game is defined. Consideration is then given to the case of a stochastic dynamic game with memory-less perfect state information and the Nash equilibrium concept. Sufficient...

Persistent link: https://www.econbiz.de/10012833261

Rationalität und Qualität von Wirtschaftsprognosen

Scheier, Johannes - 2014

Wirtschaftsprognosen sollen die Unsicherheit bezüglich der zukünftigen wirtschaftlichen Entwicklung mindern und Planungsprozesse von Regierungen und Unternehmen unterstützen. Empirische Studien bescheinigen ihnen jedoch in aller Regel ein unbefriedigendes Qualitätsniveau. Auf der Suche nach...

Persistent link: https://www.econbiz.de/10011305813

Collusion by Algorithm : Does Better Demand Prediction Facilitate Coordination Between Sellers?

Miklós-Thal, Jeanine - 2018

We build a game-theoretic model to examine how better demand forecasting due to algorithms, machine learning and artificial intelligence affects the sustainability of collusion in an industry. We find that while better forecasting allows colluding firms to better tailor prices to demand...

Persistent link: https://www.econbiz.de/10012910026

Overpricing persistence in experimental asset markets with intrinsic uncertainty

Sornette, Didier; Andraszewicz, Sandra; Wu, Ke; Murphy, … - 2020

To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...

Persistent link: https://www.econbiz.de/10012231540

Communication under Ambiguity

Dominiak, Adam; Gersbach, Hans - 2024

We study communication in ambiguous environments. Agents communicate individual decisions sequentially. Based on the …, the decisions differ no matter how long the communication lasts. Such persistent disagreements are precluded in Bayesian … frameworks endowed with a common prior. When communication is private and nobody is excluded from it, we show that ambiguity …

Persistent link: https://www.econbiz.de/10014484275