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With the increasing popularity of e-commerce systems, commercial transactions are becoming more and more frequent. Such transactions are not direct but mediated, putting the buyer in a position of weakness with respect to the seller, especially in the case of a failure of a transaction. The...
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In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably … optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects …
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In this paper, I test the predictions of rational inattention theory using a laboratory experiment where one role in a two-player game faces cognitive costs to process information about a payoff-relevant state. I find that subjects who face these unobservable cognitive costs have state-dependent...
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-- Behavioral game theory -- Behavioral models of learning -- Emotions -- Bounded rationality -- Behavioral welfare economics …
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and Uncertainty -- 1.1 Introduction -- 1.2 The elements of classical decision theory -- 1.2.1 Preference foundations of … independence axiom -- 1.5.2 The probability triangle and violations of the axioms of rationality -- 1.5.3 Some attempts to relax …CHAPTER 2: Behavioral Models of Decision Making -- 2.1 Introduction -- 2.2 Probability weighting functions -- 2 …
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