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It is well known that, whereas in one-agent contexts the value of information is always positive, in strategic … situations, this is not always the case. We will consider the class of games for which, under a specific information structure … information structure is Pareto dominated by this unique Pareto payoff profile. Therefore for these games the value of information …
Persistent link: https://www.econbiz.de/10005775617
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In this paper we show how a shift in a return distribution affects the composition of an optimal portfolio in the case of one riskless asset and two risky assets. We obtain that, in general, such a shift modifies the composition of themutual fund. We also show that the separating conditions...
Persistent link: https://www.econbiz.de/10005775621
In this research, we introduce information structure as a variable to explain differences in salary profiles and rates …
Persistent link: https://www.econbiz.de/10005775624
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The paper discusses several topics such Nash equilibria, repeated games. It also discusses applications to market games, regulation and R&D games.
Persistent link: https://www.econbiz.de/10005775632
primarily on the modeling and analysis of information learning and processing by road users. This simulation tool depicts the … process takes into account drivers' habits formation and information acquisition processes. …
Persistent link: https://www.econbiz.de/10005474731
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