The satisficing approach is generalized and applied to finite n-person games. We formally define the concept of satisficing and propose a theory that allows satisficing players to make “optimal” decisions without being equipped with any prior.Wealso review some experiments on strategic games illustrating and partly supporting our theoretical approach.
Satisficing in strategic environments: a theoretical approach and experimental evidence
Levati, Maria Vittoria;
2010-01-01
Abstract
The satisficing approach is generalized and applied to finite n-person games. We formally define the concept of satisficing and propose a theory that allows satisficing players to make “optimal” decisions without being equipped with any prior.Wealso review some experiments on strategic games illustrating and partly supporting our theoretical approach.
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