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, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online … choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas …
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The theory of games against nature relies on complete preferences among all conceivable acts (case 1). Aumann and Drèze …
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We consider a stochastic version of the Stackelberg-Nash-Cournot model proposed by Murphy et al. (1983). In the first stage, the leader chooses and announces his production level taking into account the reaction of the followers. The decision of the leader is taken when market demand is...
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