Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
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TY - CHAP
T1 - Playing with ambiguity
T2 - An agent based model of vague beliefs in games
AU - Georgalos, Konstantinos
N1 - Publisher Copyright: © 2018, IGI Global. All rights reserved.
PY - 2017/6/19
Y1 - 2017/6/19
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.
UR - http://www.scopus.com/inward/record.url?scp=85027499316&partnerID=8YFLogxK
U2 - 10.4018/978-1-5225-2594-3.ch003
DO - 10.4018/978-1-5225-2594-3.ch003
M3 - Chapter
AN - SCOPUS:85027499316
SN - 1522525947
SN - 9781522525943
SP - 52
EP - 65
BT - Game Theory
A2 - Khosrow-Pour, Khosrow-Pour
PB - IGI Global
CY - Pennsylvania, United States
ER -