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This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
A concept of dynamic stability in infinitely repeated games with discounting is presented. For this purpose, one modification of the available theory is needed: we need to relax the assumption that the game starts in a given period. Under this new framework, we propose stable strategies such...
Persistent link: https://www.econbiz.de/10012530129
The Maschler-Perles solution is the unique bargaining solution which is superadditive and satisfies the usual covariance properties. We provide two proofs for superadditivity that do not rely on the standard traveling time.
Persistent link: https://www.econbiz.de/10009452469
A cephoid is an algebraic ("Minkowski") sum of finitely many prisms in R^n. A cephoidal game is an NTU game the feasible sets of which are cephoids. We provide a version of the Shapley NTU value for such games based on the bargaining solution of Maschler-Perles.
Persistent link: https://www.econbiz.de/10009452537
upstream divisions. However, they fail to coordinate the investment decisions. We show that negotiations prevent such … increases in the number of parameters being subject to negotiations. …
Persistent link: https://www.econbiz.de/10009447484
mobile phone service. It also includes a quantitative experiment with 517 participants to examine, under close to real …
Persistent link: https://www.econbiz.de/10009483985
behavioral experiment (N=117) comparing three communication media (face-to-face, email, and Internet reverse auctions) and two …
Persistent link: https://www.econbiz.de/10009431843
Funding Material, Control and Accountability (MC&A) system upgrades has been identified as a partial solution for mitigating the diversion threat of weapons-grade nuclear material. Effective MC&A system upgrades are dependent on appropriate decisions based on based on funding, implementation,...
Persistent link: https://www.econbiz.de/10009435804
This paper presents a comprehensive analysis of the impact of solid waste technical options on values and objectives that are important to the public. It is written in support of the Solid Waste and Materials Systems Alternatives Study (WHC, 1995). Described are the values that were identified,...
Persistent link: https://www.econbiz.de/10009436048
Prosperity Games TM are an outgrowth and adaptation move/countermove and seminar War Games. Prosperity Games TM are simulations that explore complex issues in a variety of areas including economics, politics, sociology, environment, education, and research. These issues can be examined from a...
Persistent link: https://www.econbiz.de/10009436398