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Many decisions are interactive; the outcome of one party depends not only on its decisions or on acts of nature but also on the decisions of others. In the present article, we review the literature on decision making made by groups of the past 25 years. Researchers have compared the strategic...
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important factor of interaction. The interaction behavior should ideally be based on some kind of social network structures …, on which the Boltzmann-Gibbs distribution is based, namely, the local interaction. -- DSGE model ; network-based ant …
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