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Titlebook: Economic Information, Decision, and Prediction; Selected Essays: Vol Jacob Marschak Book 1974 D. Reidel Publishing Company, Dordrecht, Holl

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https://doi.org/10.1007/3-211-38216-XKorea’s Northern border. In the language of current newspapers, our officers did not know whether the Chinese did or did not have ‘aggressive intentions’. This is a vague term. The following table gives, however, an implicit definition that is precise enough.
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https://doi.org/10.1007/978-3-642-18988-3the objects in . in order to convey the notion that the subject will choose the reward that he prefers from any offered set. Thus, if the subject knows he will receive the reward that he chooses, presumably he will choose the reward that he would most like to possess.
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Book 1974 thought, superb clarity of exposition, and sensitivity to the values of earlier work and even competing traditions. They make us marvel alike at their variety, their quantity, and their quality. But they do not, even so, fully reflect Marschak‘s contributions to the development of social science. H
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Scaling of Utilities and Probabilities (1954)ing maximized. Moreover, since the opponent’s response or the future in general is uncertain, the player does not know a unique result of his strategy but rather expects various possible results, some with greater, some will smaller degrees of belief or ‘(subjective) probabilities’.
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The Payoff-Relevant Description of States and Acts (1963)(2) a decision rule associating each message with an act. The givens of the problem are: the probability distribution on the states of the world, and the utility yielded by each combination of act and state, taking account of message costs.
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