This paper uses laboratory experiments to study subjects' assessment of uncertainty resulting from strategic and non-strategic decisions other players. Non-strategic events are defined by the colors balls drawn urns, whereas action choice in Stag Hunt (SH) Prisoners' Dilemma (PD) games. We elicit matching probabilities examine if they satisfy law probability including monotonicity additivity. V...

We tested whether the presence of symmetry improves shape discrimination across changes in viewpoint and lighting for smoothly curved 3D objects. We constructed symmetric and asymmetric versions of random 3D shapes by manipulating their spherical harmonic representations. Matched objects had the same power spectra and appear highly similar except for the presence of symmetry. Observers discrimi...

We provide a comprehensive analysis of capacity investment decisions in duopoly models with demand uncertainty. Firms make capacity investment, production, delivery and pricing decisions. Capacity investment decisions are always made ex-ante demand whereas price decisions always ex-post. The interplay between the timing of demand information and the decision of production and delivery endows fi...

in this paper, the nonlinear free vibrations of thin symmetric and non-symmetric cross-ply composite plates subjected to biaxial initial stresses are investigated. because of their excellent properties such as specific strength and specific stiffness, composite plates have wide applications in aerospace and mechanical structures. based on von-karman's strain-displacement relations and using gal...

Evolutionarily stable strategy (ESS) is a key concept in evolutionary game theory. ESS provides an evolutionary stability criterion for biological, social and economical behaviors. In this paper, we develop a new approach to evaluate ESS in symmetric two player games with fuzzy payoffs. Particularly, every strategy is assigned a fuzzy membership that describes to what degree it is an ESS in pre...

One of the main concepts in quantum physics is a density matrix, which is a symmetric positive definite matrix of trace one. Finite probability distributions can be seen as a special case when the density matrix is restricted to be diagonal. We develop a probability calculus based on these more general distributions that includes definitions of joints, conditionals and formulas that relate thes...

We study a continuous-time problem of optimal public good contribution under uncertainty for an economy with a finite number of agents. Each agent can allocate his wealth between private consumption and repeated but irreversible contributions to increase the stock of some public good. We study the corresponding social planner problem and the case of strategic interaction between the agents and ...

The spreading of the quantum-mechanical probability cloud for the ground state of the Morse and modified Pöschl–Teller potentials, which controls the chemical and physical properties of some molecular systems, is studied in position and momentum space by means of global (Shannon’s information entropy, variance) and local (Fisher’s information) informationtheoretic measures. We establish a gener...

As becomes apparent from the standard text books in industrial organization (cf. Tirole, 1988, The Theory of Industrial Organization), the analysis of the effects of uncertainty within this field is yet underdeveloped. This paper shows that the new theory of strategic real options can be used to fill this gap. Based on the work by Smets (1991) standard models are identified, and they are analyz...