Impulse Balance Theory and its Extension by an Additional Criterion by Reinhard Selten

Impulse Balance Theory and its Extension by an Additional Criterion

byReinhard Selten

Kobo ebook | May 26, 2015

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In this paper I present a description of the theory of impulse balance. This theory predicts a mixed strategy for every player in an arbitrary n-person game in normal form. However, this mixed strategy is not interpreted as the result of a process of rational deliberation, but rather the behavioral distribution of pure strategies in a long section of a supergame of the normal form game. In a business problem not directly treatable by impulse balance the theory can be applied nevertheless with the help of an additional criterion 70% correct long term predictions of the future distribution of decision behavior were obtained in the evaluation of first experiements.
Title:Impulse Balance Theory and its Extension by an Additional CriterionFormat:Kobo ebookPublished:May 26, 2015Publisher:Books on DemandLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3739251476

ISBN - 13:9783739251479

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