5 results for '"BINMORE"'

It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it...

An analysis of standard evolutionary dynamics adapted to extensive form games. Evolutionary game theory attempts to predict individual behavior (whether of humans or other species) when interactions...

This book explores how individual actions coordinate to produce unintended social consequences. In the past this phenomenon has been explained as the outcome of rational, self-interested individual...

Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ...