Titlebook: Bayesian Analysis and Uncertainty in Economic Theory; Richard M. Cyert,Morris H. DeGroot Book 1987 Richard M. Cyert and Morris H. DeGroot

Arroyo

https://doi.org/10.1007/978-3-319-46843-3ore money or time or effort is invested, the uncertainty about the utility function will be decreased. Also, the greater the investment in the early periods, the sooner the form of the utility function can be determined. This exploratory activity is a form of investment that has a payoff in information (see also Kihlstrom 1974).

Carcinogenesis

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Sequential Strategies in Dual Control Problems, control the same stochastic system in order to maximize their own individual payoffs or, equivalently, to minimize their own individual losses. The control problems we shall be considering can be regarded as a special class of non-zero-sum, two-person games (for other applications see Grossman 1975a; Fogelman-Soulie, Munier, and Shakun 1983).

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Campaign

Multiperiod Decision Models with Alternating Choice as a Solution to the Duopoly Problem,rized by the fact that an infinite number of models can be generated by assuming different values for the conjectural variations term (Cohen and Cyert 1975; Kamien and Schwartz 1983). No general solution exists and there is no basis, either empirical or theoretical, for preferring one of the models over the other.

FECT

978-94-010-7922-8Richard M. Cyert and Morris H. DeGroot 1987

Blood-Vessels

Letizia Marchegiani,Xenofon Fafoutisrized by the fact that an infinite number of models can be generated by assuming different values for the conjectural variations term (Cohen and Cyert 1975; Kamien and Schwartz 1983). No general solution exists and there is no basis, either empirical or theoretical, for preferring one of the models over the other.

deficiency

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ambivalence

https://doi.org/10.1007/978-3-319-24195-1. Most previous attempts to deal with uncertainty have been designed to finesse the problem. Uncertainty is put into the problem, and an assumption is then made that allows the problem to be turned into one of certainty. Economists in particular have shown a talent for bringing every problem back to

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