Reinhard Selten
Impulse Balance Theory and its Extension by an Additional Criterion
 Title: Impulse Balance Theory and its Extension by an Additional Criterion
 Author: Reinhard Selten
 ISBN: 9783734785283
 Page: 147
 Format: Paperback
In this paper I present a description of the theory of impulse balance This theory predicts a mixed strategy for every player in an arbitrary n person game in normal form However, this mixed strategy is not interpreted as the result of a process of rational deliberation, but rather the behavioral distribution of pure strategies in a long section of a supergame of the norIn this paper I present a description of the theory of impulse balance This theory predicts a mixed strategy for every player in an arbitrary n person game in normal form However, this mixed strategy is not interpreted as the result of a process of rational deliberation, but rather the behavioral distribution of pure strategies in a long section of a supergame of the normal form game.In a business problem not directly treatable by impulse balance the theory can be applied nevertheless with the help of an additional criterion 70% correct long term predictions of the future distribution of decision behavior were obtained in the evaluation of first experiements.
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