Accession Number:

AD0614683

Title:

BAYESIAN DECISION THEORY, GAME THEORY AND GROUP PROBLEM SOLVING

Descriptive Note:

Corporate Author:

NORTH CAROLINA UNIV AT CHAPEL HILL PSYCHOMETRIC LAB

Personal Author(s):

Report Date:

1964-10-01

Pagination or Media Count:

24.0

Abstract:

The concepts of the ideal information processor and rational decision maker are applied to a typical problem in social psychology--that of group problem solving. The structure of the selected task is seen to be that of a nonzero sum game. A strategy is derived and is shown to be the equivalent of the Nash solution to the game. The notion of level of aspiration is discussed and defined within the analysis and two theorems are proved relating level of aspiration to type of group decision strategy employed.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE