Showing 1 - 6 of 6
In the absence of contrary information, it would seem prudent for competitors to attribute to their opposition the same level of rationality they attribute to themselves. Using a simple but interesting C^3 (command, control, and communication) problem for illustration, a method is proposed for...
Persistent link: https://www.econbiz.de/10004997740
A method is proposed for the sequential updating of criterion functions on the basis of past reward observations in analogy to Bayes' rule for the updating of probability distribution functions. 
Persistent link: https://www.econbiz.de/10004997746
abstracted in Zentralblatt fur Mathematik, August 1985, p. 410 This article presents a generalization of the standard N-person game with flexible information requirements suitable for players constrained by certain types of bounded rationality. In particular, strategies (complete contingency...
Persistent link: https://www.econbiz.de/10004997748
This article surveys results established to date for the "criterion filtering" approach to adaptive control. Criterion filtering bypasses the usual preliminary updating of probability distributions via transitional probability assessments (Bayes' rule) and focuses instead on the direct updating...
Persistent link: https://www.econbiz.de/10004997758
This article formulates and axiomatizes a conditional expected utility model that allows a decision maker to specify his actions in the form of partial rather than complete contingency plans and to simultaneously choose goals and actions in end-mean pairs. Both utility and probability are...
Persistent link: https://www.econbiz.de/10004997762
This paper develops a Trade Network Game (TNG) that combines evolutionary game play with endogenous partner selection. Resource- constrained buyers and sellers choose and refuse trade partners on the basis of continually updated expected payoffs. Partner selection takes place in accordance with...
Persistent link: https://www.econbiz.de/10005581794