Titlebook: Decision-Making under Uncertainty; Tapan Biswas Textbook 1997Latest edition Tapan Biswas 1997 agents.economic theory.economics.game theory

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Dementiezorg in de praktijk, deel 1do not know exactly the specific utility function defined on the space of outcomes, we cannot predict how the individual is going to rank the prospects. The literature on stochastic dominance started with the following problem. Suppose we know that the utility function of an individual is given by .

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L. Fr?lich,R. Ihl,S. Hoyer,K. Maurere theory were made in subsequent years by Tobin (1958), Markowitz (1959), Sharpe (1964), Lintner (1965) and Fama (1971). Their contributions provide us with some important concepts for analyzing the financial markets and the behaviour of investors.

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https://doi.org/10.1007/978-3-642-76932-0ield) depends to a large extent on the effort of the agent. Quite often, it is impossible for the principal to observe the level of effort which the agent puts into the job. The principal can only observe the outcome, which is not always an indicator of how much effort the agent has put in. For exam

Prostatism

https://doi.org/10.1007/978-3-662-66389-9f distributive justice, Rawls considered a society which is founded on the notion of social contract. The contract specifies the rights and the duties of the members. In order to explain his notion of distributive justice, Rawls introduced the concept of primary goods — goods needed by everyone in t

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Recht auf ?chronische“ Heim?rztinnen may be better off than playing a non-cooperative game. In many ways, recent developments in game theory place greater emphasis on non-cooperative game theory than on cooperative games. Perhaps the one-shot Prisoners’ Dilemma type of games has gained more than its fair share of importance in the eco

llibretto

https://doi.org/10.1007/978-3-7091-1851-1on of fairness or equity prevailing in the society (the group of players). People differ in their perception of ‘fairness’. Consequently, there has been an ever-increasing number of solution concepts in cooperative game theory without any ‘clear criterion as to which solution concept is to be employ