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Author : Fei Shi
Publisher :
ISBN 13 :
Total Pages : 137 pages
Book Rating : 4.:/5 (838 download)
Download or read book Asymmetric Information and Learning in Games written by Fei Shi and published by . This book was released on 2010 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yuanji Wen
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (13 download)
Download or read book Voluntary Information Acquisition in an Asymmetric-Information Game written by Yuanji Wen and published by . This book was released on 2018 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an experimental design of voluntary information acquisition to assess the information assumptions of different learning models. The design is implemented in two-stage asymmetric-information games. Subjects' information-seeking behavior reveals that they tend to choose certain information sets that are consistent with belief-based learning theories rather than reinforcement theories. A hybrid-learning model with information acquisition that is a variant of the Generalized Experience-Weighted-Attraction (GEWA) model (Shafran, 2012) is also proposed. It successfully captures the different learning speeds of two groups of subjects (i.e., informed and uninformed subjects), and shows that once information acquisition data is added into a structural model that focuses on action data alone, the performance is enhanced. Additional individual analysis indicates that the information acquisition behavior assumed by learning models appears to suggest the learning rule subjects follow. The results suggest that tracking subjects' voluntary information choices is a useful tool for analyzing their learning behaviors.
Author : Luis C. Corchón
Publisher : Edward Elgar Publishing
ISBN 13 : 178536328X
Total Pages : 567 pages
Book Rating : 4.7/5 (853 download)
Download or read book Handbook of Game Theory and Industrial Organization, Volume I written by Luis C. Corchón and published by Edward Elgar Publishing. This book was released on 2018-02-23 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.
Author : Kevin D. Cotter
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (175 download)
Download or read book Convergence of Games with Asymmetric Information written by Kevin D. Cotter and published by . This book was released on 1987 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sanjit S. Dhami
Publisher : Oxford University Press
ISBN 13 : 0198715528
Total Pages : 1799 pages
Book Rating : 4.1/5 (987 download)
Download or read book The Foundations of Behavioral Economic Analysis written by Sanjit S. Dhami and published by Oxford University Press. This book was released on 2016 with total page 1799 pages. Available in PDF, EPUB and Kindle. Book excerpt: It considers the evidence against the exponential discounted utility model and describes several behavioral models such as hyperbolic discounting, attribute based models and the reference time theory. Part IV describes the evidence on classical game theory and considers several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. Part V considers behavioral models of learning that include evolutionary game theory, classical models of learning, experience weighted attraction model, learning direction theory, and stochastic social dynamics. Part VI studies the role of emotions; among other topics it considers projection bias, temptation preferences, happiness economics, and interaction between emotions and cognition. Part VII considers bounded rationality. The three main topics considered are judgment heuristics and biases, mental accounting, and behavioral finance.
Author : Louis Phlips
Publisher : Cambridge University Press
ISBN 13 : 9780521313810
Total Pages : 302 pages
Book Rating : 4.3/5 (138 download)
Download or read book The Economics of Imperfect Information written by Louis Phlips and published by Cambridge University Press. This book was released on 1988 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic presentation of new microeconomic theories of imperfect information.
Author : Marcello Basili
Publisher : Taylor & Francis
ISBN 13 : 1134362293
Total Pages : 262 pages
Book Rating : 4.1/5 (343 download)
Download or read book Cognitive Processes and Economic Behaviour written by Marcello Basili and published by Taylor & Francis. This book was released on 2012-12-06 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years the understanding of the cognitive foundations of economic behavior has become increasingly important. This volume contains contributions from such leading scholars as Adam Brandenburger, Michael Bacharach and Patrick Suppes. It will be of great interest to academics and researchers involved in the field of economics and psychology as well as those interested in political economy more generally.
Author : Beth Elaine Allen
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)
Download or read book Incentives in Market Games with Asymmetric Information written by Beth Elaine Allen and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Giovanni Dell'Ariccia
Publisher : International Monetary Fund
ISBN 13 : 145195154X
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)
Download or read book Asymmetric Information and the Market Structure of the Banking Industry written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 1998-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.
Author : K. G. Binmore
Publisher : MIT Press
ISBN 13 : 9780262023566
Total Pages : 372 pages
Book Rating : 4.0/5 (235 download)
Download or read book Frontiers of Game Theory written by K. G. Binmore and published by MIT Press. This book was released on 1993 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: seventeen contributions reflecting the many diverse approaches in the field todayThese seventeen contributions take up the most recent research in game theory, reflecting the many diverse approaches in the field today. They are classified in five general tactical categories - prediction, explanation, investigation, description, and prescription - and wit in these along applied and theoretical divisions. The introduction clearly lays out this framework.
Author : Beth Allen
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (753 download)
Download or read book Incentives in market games with asymmetric information written by Beth Allen and published by . This book was released on 1992 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Asif A. Ghazanfar
Publisher : Oxford University Press, USA
ISBN 13 : 0199929246
Total Pages : 706 pages
Book Rating : 4.1/5 (999 download)
Download or read book Primate Neuroethology written by Asif A. Ghazanfar and published by Oxford University Press, USA. This book was released on 2012-08-16 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is the first of its kind to bridge the epistemological gap between primate ethologists and primate neurobiologists. Leading experts in several fields review work ranging from primate foraging behavior to the neurophysiology of motor control, from vocal communication to the functions of the auditory cortex.
Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400840880
Total Pages : 569 pages
Book Rating : 4.4/5 (8 download)
Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.
Author : Eric Rasmusen
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (471 download)
Download or read book Games and Information written by Eric Rasmusen and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chaim Fershtman
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (254 download)
Download or read book Finite State Dynamic Games with Asymmetric Information written by Chaim Fershtman and published by . This book was released on 2005 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leigh Tesfatsion
Publisher : Elsevier
ISBN 13 : 0080459870
Total Pages : 905 pages
Book Rating : 4.0/5 (84 download)
Download or read book Handbook of Computational Economics written by Leigh Tesfatsion and published by Elsevier. This book was released on 2006-05-15 with total page 905 pages. Available in PDF, EPUB and Kindle. Book excerpt: The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys
Author : Paula Szuchman
Publisher : Random House
ISBN 13 : 0812993799
Total Pages : 370 pages
Book Rating : 4.8/5 (129 download)
Download or read book It's Not You, It's the Dishes (originally published as Spousonomics) written by Paula Szuchman and published by Random House. This book was released on 2012-06-12 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your marriage is fine, right? Sure, there are showdowns over who unloads more dishes, and some simmering discontent over who drives more car pools, cleans more dust bunnies, and keeps the social wheels of your existence greased. The sex is good, though you can’t remember when you last had it. Come to think of it, you’re plagued by a nagging sense that marriage used to be so much more fun. Marriage can be a mysterious, often irrational business. But the key, propose Paula Szuchman and Jenny Anderson in this incomparable and engaging book, is to think like an economist. We all have limited time, money, and energy, but we must allocate these resources efficiently. It’s Not You, It’s the Dishes is a clear-eyed, rational route to demystifying your disagreements and improving your relationship. Smart, funny, deeply researched, and refreshingly realistic, It’s Not You, It’s the Dishes cuts through the noise of emotions, egos, and tired relationship clichés to solve the age-old riddle of a happy, healthy marriage. Originally published as Spousonomics
