One-person games of economic survival
โ Scribed by John E. Morrill
- Publisher
- John Wiley and Sons
- Year
- 1966
- Tongue
- English
- Weight
- 899 KB
- Volume
- 13
- Category
- Article
- ISSN
- 0894-069X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper reports the results of a two-part data analysis of learning in a repeated costly decision experiment. In the ยฎrst part we test payo dominance under the hypothesis of expected payo maximization. We utilize a dynamic probability distribution over decisions for each player, characterizing wh
## Abstract The games of economic survival introduced by Shubik and Thompson seem tailorโmade for the analysis of some problems in insurance and have found many applications in this industry. The optimal strategy in such games may be a soโcalled โband strategy.โ This result seems counterโintuitive