Ambiguous beliefs and mechanism design
โ Scribed by Aaron L. Bodoh-Creed
- Book ID
- 116506482
- Publisher
- Elsevier Science
- Year
- 2012
- Tongue
- English
- Weight
- 285 KB
- Volume
- 75
- Category
- Article
- ISSN
- 0899-8256
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
The Nash equilibrium concept combines two fundamental ideas. First, rational players choose the most preferred strategy given their beliefs about what other players will do. Second, it imposes the consistency condition that all players' beliefs are correct. This consistency condition has often been
## Abstract Proper scoring rules serve to measure subjective degrees of belief. Traditional proper scoring rules are based on the assumption of expected value maximization. There are, however, many deviations from expected value, primarily due to risk aversion. Correcting techniques have been propo