Decision Sciences
2 years ago

New study reveals game-changing concept of informational equilibrium in economics.

Economics Letters
Differential information and informational equilibrium
Hersh Shefrin

Paper Summary

Related papers

Decision Sciences
2 years ago

Game Theory Unlocks New Strategies for Navigating Complex Decisions

Network Formation
Game AI
Coopetition
3 views
Decision Sciences
4 years ago

New solution concept guarantees strategic equilibrium in all finite games

Network Formation
Monetary Models
Mechanism Design
1 view
Economics, Econometrics and Finance
4 years ago

Game Theory Unlocks Secrets of Strategic Decision-Making

Monetary Models
Network Formation
Economic Institutions
2 views

The article discusses how economic agents make decisions based on the information available to them, aiming for a state of informational equilibrium. It explores how different levels of information impact decision-making processes, drawing connections to general equilibrium theory and stochastic games.