Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review
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TY - CHAP
T1 - Playing with ambiguity
T2 - an agent based model of vague beliefs in games
AU - Georgalos, Konstantinos
PY - 2014/4
Y1 - 2014/4
N2 - This chapter discusses the way that three distinct fields, decision theory, game theory and computer science, can be successfully combined in order to optimally design economic experiments. Using an example of cooperative game theory (the Stag-Hunt game), the chapter presents how the introduction of ambiguous beliefs and attitudes towards ambiguity in the analysis can affect the predicted equilibrium. Based on agent-based simulation methods, the author is able to tackle similar theoretical problems and thus to design experiments in such a way that they will produce useful, unbiased and reliable data.
AB - This chapter discusses the way that three distinct fields, decision theory, game theory and computer science, can be successfully combined in order to optimally design economic experiments. Using an example of cooperative game theory (the Stag-Hunt game), the chapter presents how the introduction of ambiguous beliefs and attitudes towards ambiguity in the analysis can affect the predicted equilibrium. Based on agent-based simulation methods, the author is able to tackle similar theoretical problems and thus to design experiments in such a way that they will produce useful, unbiased and reliable data.
U2 - 10.4018/978-1-4666-5954-4.ch008
DO - 10.4018/978-1-4666-5954-4.ch008
M3 - Chapter (peer-reviewed)
SN - 9781466659544
SP - 125
EP - 142
BT - Interdisciplinary applications of agent-based social simulation and modeling
A2 - Adamatti, Diana Francisca
A2 - Dimuro, Gracaliz Pereira
A2 - Coehlo, Helder
PB - IGI Global
CY - Hershey, Penn.
ER -