Simulation of Investment Decision-Making – Learning at Different Levels of Backward Information (CROSBI ID 558283)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Fabac, Robert ; Dušak, Vesna ; Radošević, Danijel
engleski
Simulation of Investment Decision-Making – Learning at Different Levels of Backward Information
In this study is being considered the process of learning under laboratory conditions of decision-making. During the simulation of investment, a group of thirty examinees is choosing strategies from defined set trying to maximize their own effect in the course of discreetly arranged time period. Information about alternatives and backward information are limited ; therefore there are two levels of limitation. The research is directed toward a scenario with richer information-content, and certain conclusions are also referred to the topic of „minimal feedback in game” which was treated in the previous research. Decision-making and learning during the game is analysed through indicators: attitude toward the risk, perception of successful and unsuccessful strategies, promptness in orientation reversing and consideration of missed opportunities. In this matter are being recognized the models of learning of a behavioural game theory, with limitations since in the scenario of investment there is no interactions. Efficiency results and present models of behaviour and learning at individuals and population of players undoubtedly indicate that backward information is very influential and significant.
decision-making; simulation of investment; backward information; uncertainty; learning
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Podaci o prilogu
611-616.
2010.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of 32th International Conference of Information Technology Interfaces, ITI 2010
Lužar-Stiffler, Vesna ; Jarec, Iva ; Bekić, Zoran
Zagreb: Universtity Computing Centre - SRCE
978-953-7138-18-9
1330-1012
Podaci o skupu
32th International Conference of Information Technology Interfaces, ITI 2010
predavanje
21.06.2010-24.06.2010
Cavtat, Hrvatska; Dubrovnik, Hrvatska