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The work for which he won the 1994 Nobel Prize in economics was a series of articles published in 1967 and 1968 which established what has become the standard framework for analyzing "games of incomplete information", situations in which the various strategic decisionmakers have different information about the parameters of the game.
In sociology, the nomothetic model tries to find independent variables that account for the variations in a given phenomenon (e.g. What is the relationship between timing/frequency of childbirth and education?). Nomothetic explanations are probabilistic and usually incomplete.
Incomplete information ultimatum games: Some authors have studied variants of the ultimatum game in which either the proposer or the responder has private information about the size of the pie to be divided. [55] [56] These experiments connect the ultimatum game to principal-agent problems studied in contract theory.
In this context, either an information-theoretical measure, such as functional clusters (Gerald Edelman and Giulio Tononi's functional clustering model and dynamic core hypothesis (DCH) [47]) or effective information (Tononi's integrated information theory (IIT) of consciousness [48] [49] [50]), is defined (on the basis of a reentrant process ...
Information Manipulation Theory (abbreviated IMT) is a theory of deceptive discourse production, rooted in H. Paul Grice's theory of conversational implicature. [1] [2] IMT argues that, rather than communicators producing truths and lies, the vast majority of everyday deceptive discourse involves complicated combinations of elements that fall somewhere in between these polar opposites; with ...
A prominent example of this is heuristic-based voting. According to the theory of bounded rationality, individuals have limited time, information, and cognitive resources to make decisions. In the context of voting, this means that most voters cannot realistically gather and process all available information about candidates, issues, and policies.
A sociological theory is a supposition that intends to consider, analyze, and/or explain objects of social reality from a sociological perspective, [1]: 14 drawing connections between individual concepts in order to organize and substantiate sociological knowledge.
Gregory Chaitin produced undecidable statements in algorithmic information theory and proved another incompleteness theorem in that setting. Chaitin's incompleteness theorem states that for any system that can represent enough arithmetic, there is an upper bound c such that no specific number can be proved in that system to have Kolmogorov ...