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Causal statistics of structural dependence space-based trend simulations for the coalition of rice exporters : the cases of India, Thailand, and Vietnam
Anuphak Saosaovaphak; Chukiat Chaiboonsri; Satawat Wannapan - In: International journal of computational economics and … 12 (2022) 1/2, pp. 4-28
Persistent link: https://www.econbiz.de/10012939557
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Mixtures of mean-preserving contractions
Whitmeyer, Joseph M.; Whitmeyer, Mark - In: Journal of mathematical economics 94 (2021), pp. 1-5
Persistent link: https://www.econbiz.de/10013282389
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Coping with choice modeling : theoretical and methodological insights
Rodenburger, Daniel - 2021
Persistent link: https://www.econbiz.de/10012586151
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A Bayesian Model of the Litigation Game
Guerra-Pujol, F. E. - 2014
Over a century ago, Oliver Wendell Holmes invited scholars to look at law through the lens of probability theory: ‘The …
Persistent link: https://www.econbiz.de/10013067657
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Evolution of Forecast Disagreement in a Bayesian Learning Model
Lahiri, Kajal - 2007
We estimate a Bayesian learning model with heterogeneity aimed at explaining expert forecast disagreement and its evolution over horizons. Disagreement is postulated to have three components due to differences in: i) the initial prior beliefs, ii) the weights attached on priors, and iii)...
Persistent link: https://www.econbiz.de/10012729485
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Bayesian Inference for Quantal Response Equilibrium in Normal-Form Games
Bland, James R. - 2021
This paper develops a framework for estimating Quantal Response Equilibrium models from experimental data using Bayesian techniques. Bayesian techniques offer some advantages over the more commonly-used maximum likelihood approach: (i) the accuracy of the posterior simulation is limited by...
Persistent link: https://www.econbiz.de/10013245678
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A Bayesian Theory of Games : An Analysis of Strategic Interactions with Statistical Decision Theoretic Foundation
Teng, Jimmy - 2012
set of games than current Nash Equilibrium based games theory, including games with inaccurate observations, games with … games analyzed by the current games theory, it generates far lesser equilibriums and normally generates only a unique … equilibrium. It also resolves inconsistencies in equilibrium results by different solution concepts in current games theory …
Persistent link: https://www.econbiz.de/10014172228
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Is Perfect Bayesian Equilibrium a Subset of Nash Equilibrium?
Teng, Jimmy - 2013
Perfect Bayesian equilibrium is not a subset of Nash equilibrium. Perfect Bayesian equilibrium requires players to have beliefs that are consistent with the equilibrium strategies of other players. Nash equilibrium does not explicitly specify the beliefs of the players. However, the default...
Persistent link: https://www.econbiz.de/10014158965
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Analyzing Noisy Observation Game with Bayesian Iterative Conjectures Approach
Teng, Jimmy - 2012
This paper uses Bayesian equilibrium by iterative conjectures approach to solve a noisy sequential game, that is, a sequential game with inaccurate observation clouded by noise. Bayesian equilibrium by iterative conjectures requires players to form conjectures about the strategies of the other...
Persistent link: https://www.econbiz.de/10014163813
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Refining Perfect Bayesian Equilibrium by Bayesian Iterative Conjectures Algorithm
Teng, Jimmy - 2012
This paper studies a new refinement for Perfect Bayesian equilibrium, Bayesian equilibrium by iterative conjectures (BEIC). BEIC requires players to make predictions, starting from first order uninformative predictive distribution functions (or conjectures) and keep updating with statistical...
Persistent link: https://www.econbiz.de/10014164319