Download or read book The Truth is in the Eye of the Beholder Or Equilibrium in Beliefs and Rational Learning in Games written by Yaw Nyarko and published by . This book was released on 1998 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resolving Social Issues in a Merger written by Steven J. Brams and published by . This book was released on 1998 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Vintage Capital and Equality written by Boyan Jovanovic and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Country s Maximal Gains from Trade and Conflicting National Interests written by William J. Baumol and published by . This book was released on 1998 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Voting Procedures written by Steven J. Brams and published by . This book was released on 1998 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and Uncertainty about the Natural Unemployment Rate written by Volker Wieland and published by . This book was released on 2003 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Learning Non equilibrium Beliefs and Non pecuniary Payoffs in an Experimental Games written by Miguel Costa-Gomes and published by . This book was released on 2000 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Counterfactuals Rationality and Equilibrium Concepts in Game Theory written by Graciela Küchle and published by . This book was released on 2009 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On Belief Based Refinements in Signaling Games written by George Joseph Mailath and published by . This book was released on 1991 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Correlated Equilibrium and Higher Order Beliefs about Play written by Songzi Du and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a refinement of correlated equilibrium in which players' actions are driven by their beliefs and higher order beliefs about the play of the game (beliefs over what other players will do, over what other players believe others will do, etc.). For any finite, complete-information game, we characterize the behavioral implications of this refinement with and without a common prior, and up to any a priori fixed depth of reasoning. In every finite game "most" correlated equilibrium distributions are consistent with this refinement; as a consequence, this refinement gives a classification of "most" correlated equilibrium distributions based on the maximum order of beliefs used by players in the equilibrium. On the other hand, in a generic two-player game any non-degenerate mixed-strategy Nash equilibrium is not consistent with this refinement.
Download or read book Knowledge Belief and Strategic Interaction written by Cristina Bicchieri and published by Cambridge University Press. This book was released on 2008-04-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years there has been a great deal of interaction among game theorists, philosophers, and logicians in certain foundational problems concerning rationality, the formalization of knowledge and practical reasoning, and models of learning and deliberation. This unique volume brings together the work of some of the preeminent figures in their respective disciplines, all of whom are engaged in research at the forefront of their fields. Together they offer a conspectus of the interaction of game theory, logic, and epistemology in the formal models of knowledge, belief, deliberation, and learning and in the relationship between Bayesian decision theory and game theory, as well as between bounded rationality and computational complexity.
Download or read book A Belief based Theory for Private Information Games written by Marco Serena and published by . This book was released on 2019 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a belief-based theory for private information games. A Bk player forms correct beliefs up to the kth-order, and heuristic beliefs from the (k +1)th-order onwards. Correct beliefs follow the prior distribution of types, as in standard game theory. Heuristic beliefs ignore the distribution of types and are rather heuristic projections of one own's type onto the rival, of the form "my rival is of my type". A Bk best responds to those partially correct and partially heuristic beliefs. As a result, a B∞ plays the standard game theoretic Bayesian-Nash equilibrium, where the player's entire hierarchy of beliefs is correct, and a B0 plays the Nash equilibrium of the symmetric-type complete information version of the game, where the entire hierarchy of beliefs is heuristic. We ground the belief-based theory on the psychological literature, we illustrate it through a simple yet novel game, we apply it to standard games and we compare its predictions with those of cursed equilibrium (Eyster and Rabin, 2005), which is another single-parameter generalization of the standard game theoretic Bayesian-Nash equilibrium. Despite the two theories are conceptually different, predictions often overlap.
Download or read book Thinking Like a Game Theorist written by Rachel T. A. Croson and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous research has reported conflicting results on whether and the extent to which individuals play equilibria of experimental games. Two experiments reported in this paper ask whether the act of eliciting beliefs about the actions of others influences a subjects' likelihood of playing an equilibrium in a social dilemma or public goods game. The first experiment compares two versions of a linear public goods game, one with and one without an elicitation of beliefs. Contributions in the two treatments were significantly different, with the actions of subjects in the elicitation treatment closer to the equilibrium prediction of full free riding. A second experiment investigates the same question using a prisoner's dilemma game with similar results; subjects in the elicitation treatment play the dominant strategy significantly more than subjects in a control treatment.
Download or read book Stochastic Choice and Noisy Beliefs in Games written by Evan Friedman and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We conduct an experiment in which we elicit subjects' beliefs over opponents' behavior multiple times for a given game without feedback. We find that the large majority of individual subjects have stochastic belief reports, which we argue cannot be explained by learning or measurement error. Using both actions and beliefs data, we directly test the axioms underlying equilibrium models with “noisy actions” (quantal response equilibrium) and “noisy beliefs” (noisy belief equilibrium). We find that, while both types of noise are important in explaining observed behaviors, there are systematic violations of the axioms. We discuss possible explanations and some implications for modelling stochastic choice in games.
Download or read book Structure and performance of Ethiopia s coffee export sector written by Minten, Bart and published by Intl Food Policy Res Inst. This book was released on 2014-06-20 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the structure and performance of the coffee export sector in Ethiopia, Africas most important coffee producer, over the period 2003 to 2013. We find an evolving policy environment leading to structural changes in the export sector, including an elimination of vertical integration for most exporters. Ethiopias coffee export earn-ings improved dramatically over this period, i.e. a four-fold real increase. This has mostly been due to increases in international market prices. Quality improved only slightly over time, but the quantity exported increased by 50 percent, seemingly explained by increased domestic supplies as well as reduced local consumption. To further improve export performance, investments to increase the quantities produced and to improve quality are needed, including an increase in washing, certification, and traceability, as these characteristics are shown to be associ-ated with significant quality premiums in international markets.
Download or read book Facts and the Function of Truth written by Huw Price and published by Wiley-Blackwell. This book was released on 1989-01-01 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Are Economists Basically Immoral written by Paul T. Heyne and published by . This book was released on 2008 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: ""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.
