Article ID: | iaor2000380 |
Country: | United States |
Volume: | 84 |
Issue: | 2 |
Start Page Number: | 406 |
End Page Number: | 411 |
Publication Date: | May 1994 |
Journal: | American Economic Review |
Authors: | Arthur W. Brian |
This paper proposes an approach to understanding the game theoretic and economic factors which affect rational (?) human behaviour in the presence of uncertainty. The key element of the paper is the discussion of group behaviour in terms of a group of inductive expectations and belief-models.