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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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978-90-277-1195-3D. Reidel Publishing Company, Dordrecht, Holland 1974
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https://doi.org/10.1007/978-3-7091-0123-0ption that the floor area of a room is the product and not the sum of its length and width?”; “If all . are . and all . are ., why should one avoid acting as if all . were .?” People may often act contrary to these precepts or norms but then we say that they do not act reasonably. To discuss a set o
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https://doi.org/10.1007/978-3-7091-0324-1ing 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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Basics in PR und Marketing für Architektene circumstances of choice seem in all relevant respects to be the same. However, the bulk of economic theory neglects the existence of such inconsistencies; and the best known theories for decision making, for example, those of von Neumann and Morgenstern [1] or Savage [2], base the existence of a m
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https://doi.org/10.1007/978-3-642-18988-3will be concerned with experiments in which a subject chooses a reward from each of several offered sets. The word ‘rewards’ is used here to describe the 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 know
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Additional Methods of Treatment, the test procedure to be used have previously been described in this journal in some detail (Becker ., 1963), but for convenience we will briefly restate them here. The reader should, however, refer to Becker .. (1963) for precise statements of the basic concepts of rewards, wagers, offered sets, a
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