A subjectivist approach to consecutive conflict |
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Authors: | John G Wilson |
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Institution: | 1. Department of Operations Research, Weatherhead School of Management, Case Western Reserve University, 44106, Cleveland, Ohio
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Abstract: | An easily applied approach is developed to provide one participant in a sequence of conflicts with an optimal strategy. A goal of this article is to demonstrate that it is mathematically feasible to incorporate a decision maker's subjective distributions over the effects his actions will have on the outcomes of future conflicts. Unlike many other approaches, the model of this article does not restrict the beliefs that the participant is allowed to express. The participant, not the decision theorist, decides on what is relevent. Model assumptions required for updating rules, such as Bayesian updating, are not required unless they really are appropriate for the situation.Thanks are due to J. B. Kadane for suggesting the problem and for many helpful discussions. |
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Keywords: | conflict resolution rational behavior |
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