4 Ergebnisse.

This book illustrates how to use self reflections to improve teaching of economics. It differentiates between two kinds of self reflections. One kind is long tern reflections upon one's life long experience of learning, research and teaching. These reflections help to shape one's long term career path and long term strategy in teaching. The other kind is short term reflections upon one's current teaching. These help to improve one's current te...

The book studies how international contest of military prowess, economic capability and overall national power works as a selection mechanism that prompts the replacement of nonperforming economies and institutions by the good ones. With the help of a mathematical model, the book studies how military technology interact with geography to determine the type of the international system, the degree to which the law of the jungle operates within t...

The book studies the question of how to make statistical analysis in games. It introduces a new equilibrium concept for games with incomplete information and noisy inaccurate observation of action: Bayesian rational prior equilibrium. A rational prior belief correctly predicts the strategy of a player given his type. The rational prior Bayesian decision rule is an un-dominated decision rule for its makes efficient use of all available informat...

Summary"A Bayesian Theory of Games" introduces a new game theoretic equilibrium concept: Bayesian equilibrium by iterative conjectures (BEIC). The new equilibrium concept achieves consistencies in results among different types of games that current games theory at times fails to. BEIC requires players to make predictions on the strategies of other players starting from first order uninformative predictive distribution functions (or conjectures...