Research on Decision-making In Non-cooperative Settings
Hongbing Zhang · Journal of Zhejiang Business Technology Institute · 2007
Based on modeling of rational decision maker,The paper introduces a new mean of decision-making in information asymmetric non-cooperative setting. With the assumption of the prior distribution p(u) over decision-maker'utility function U known,we observe a decision-maker previous actions to obtain a constrain set of U. We can condition on these constraints to obtain a posterior distribution q(u) to predict the decision-maker possible actions. We show that this capability is particularly useful in a non-cooperative setting. The paper introduces the main algorithm and outcome of experiment.