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We run a laboratory experiment with a two-person game with unique pure Nash equilibrium which is also the solution of the iterative elimination of strictly dominated strategies. The subjects are asked to commit to a device that randomly picks one of three symmetric outcomes in this game...
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Discrete Markov Processes and Numerical Algorithms for Markov Chains -- Markov Decision Processes and Stochastic … decision problems and determining Nash equilibria for related stochastic games with average and total expected discounted …
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collective choice function to be rationalizable given some notion of rationality. In addition, we show that the conditions …
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This chapter is a very compressed review of the neoclassical orthodoxy on the nature of rationality on economic theory … function of a definition of rationality. …
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regarding the decision negotiated by the group, and the number of times that, when there was a match, the group maintained its … decision after voting. From an empirical evaluation with a hundred students that participated in the field study, the main … hypothesis of this research was confirmed, which is that the use of a pairwise comparison function adhering to a decision and …
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