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The theory of impulse balance offers a unique perspective on mixed strategies in n-person games, diverging from traditional rational deliberation. Instead, it views these strategies as the behavioral distribution of pure strategies developed over an extended supergame. This approach provides insights into player behavior and decision-making in complex game scenarios.
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Impulse Balance Theory and its Extension by an Additional Criterion, Reinhard Selten
- Language
- Released
- 2015
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Impulse Balance Theory and its Extension by an Additional Criterion
- Language
- English
- Authors
- Reinhard Selten
- Publisher
- Books on Demand
- Released
- 2015
- Format
- Paperback
- ISBN13
- 9783734785283
- Category
- Business and Economics
- Description
- The theory of impulse balance offers a unique perspective on mixed strategies in n-person games, diverging from traditional rational deliberation. Instead, it views these strategies as the behavioral distribution of pure strategies developed over an extended supergame. This approach provides insights into player behavior and decision-making in complex game scenarios.