Impulse Balance Theory and its Extension by an Additional Criterion (eBook)

Reinhard Selten (Autor)

eBook Download: EPUB

2015 | 2. Auflage
20 Seiten
Books on Demand (Verlag)
978-3-7392-5147-9 (ISBN)

Infos

In this paper I present a description of the theory of impulse balance. This theory predicts a mixed strategy for every player in an arbitrary n-person game in normal form. However, this mixed strategy is not interpreted as the result of a process of rational deliberation, but rather the behavioral distribution of pure strategies in a long section of a supergame of the normal form game.
In a business problem not directly treatable by impulse balance the theory can be applied nevertheless with the help of an additional criterion 70% correct long term predictions of the future distribution of decision behavior were obtained in the evaluation of first experiements.

Produkt-Details

• Erscheint lt. Verlag: 26.5.2015
• Sprache: englisch
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: aspiration adaptation theory • biological game theory • none-cooperative models of cooperation • theory of equilibrium selection • values for n-person games
• ISBN-10: 3-7392-5147-6 / 3739251476
• ISBN-13: 978-3-7392-5147-9 / 9783739251479