This paper discusses several concepts that can be used to provide a foundation for a unified, theory of rational, economic behavior. First, decision-making is defined to be a …
VA Lefebvre - 1998 - web-archive.southampton.ac.uk
This work gives a short description of the theory of agents endowed with re exion and some applications of this theory for modeling human choice. Unlike classical game theory, this …
NS Kovach, AS Gibson, GB Lamont - Game Theory, 2015 - Wiley Online Library
When dealing with conflicts, game theory and decision theory can be used to model the interactions of the decision‐makers. To date, game theory and decision theory have …
The standard economic model of decision making assumes a decision maker makes her choices to maximize her utility or happiness. Her current emotionał state is not explicitly …
This book examines the field of behavioral economics and provides insights into the following questions:? Does utility bring happiness?? How do emotions and personal …
JC Harsanyi - Handbook of game theory with economic applications, 1992 - Elsevier
Publisher Summary This chapter focuses on the game and decision-theoretic models in ethics. The theory of rational behavior in a social setting can be divided into game theory …
E Koechlin - Trends in cognitive sciences, 2020 - cell.com
Two recent studies (Farashahi et al. and Rouault et al.) provide compelling evidence refuting the Subjective Expected Utility (SEU) hypothesis as a ground model describing human …
M Zafirovski - Electronic Journal of Sociology, 2003 - sociology.org
The equation of human rational behavior with instrumentalist, especially economic, rationality represents the hallmark of the economic or rational choice approach. The latter …
J Doyle - MIT encyclopedia of the cognitive sciences, 1999 - csc2.ncsu.edu
RATIONAL DECISION MAKING: Choosing among alternatives in a way that “properly” accords with the preferences and beliefs of an individual decision maker or those of a group …