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We present a result on convexity and weak compactness of the range of a vector measure with values in a Banach space, based on the Maharam classification of measure spaces. Our result extends a recent result of Khan and Sagara [Illinois Journal of Mathematics, forthcoming].
Persistent link: https://www.econbiz.de/10010397157
We propose a learning dynamic with agents using samples of past play to estimate the distribution of other players' strategy choices and best responding to this estimate. To account for noisy play, estimated distributions over other players' strategy choices have full support in the other...
Persistent link: https://www.econbiz.de/10011396934
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We present a result on convexity and weak compactness of the range of a vector measure with values in a Banach space, based on the Maharam classification of measure spaces. Our result extends a recent result of Khan and Sagara [Illinois Journal of Mathematics, forthcoming].
Persistent link: https://www.econbiz.de/10009787091
Persistent link: https://www.econbiz.de/10010345925
Persistent link: https://www.econbiz.de/10011554119
In an experiment we first elicit the distributional preferences of subjects and then let them bid for a lottery, either in a Becker-DeGroot-Marschak (BDM) mechanism or a Vickrey auction (VA). Standard theory predicts that altruistic subjects underbid in the VA - compared to the BDM - while...
Persistent link: https://www.econbiz.de/10011404058
Ambiguity averse decision-makers can behave in financial portfolio problems in ways that cannot be rationalized as subjective expected utility maximization. Indeed, [Dow and da Costa Werlang, Econometrica 1992] show that an ambiguity-averse decision-maker might abstain from trading an asset for...
Persistent link: https://www.econbiz.de/10012839349
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To test for ethnic discrimination in access to outpatient health care services, we carry out an email-correspondence study in Germany. We approach 3,224 physician offices in the 79 largest cities in Germany with fictitious appointment requests and randomized patients' characteristics. We find...
Persistent link: https://www.econbiz.de/10012705540