Impulse Balance Theory and its Extension by an Additional Criterion

Reinhard Selten


Impulse Balance Theory and its Extension by an Additional Criterion

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: 361
  • 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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