1.  29
    Ebbe Groes, Hans Jørgen Jacobsen, Birgitte Sloth & Torben Tranaes (1998). Nash Equilibrium with Lower Probabilities. Theory and Decision 44 (1):37-66.
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    Hans Jørgen Jacobsen (1996). On the Foundations of Nash Equilibrium. Economics and Philosophy 12 (01):67-88.
    The most important analytical tool in non-cooperative game theory is the concept of a Nash equilibrium, which is a collection of possibly mixed strategies, one for each player, with the property that each player's strategy is a best reply to the strategies of the other players. If we do not go into normative game theory, which concerns itself with the recommendation of strategies, and focus instead entirely on the positive theory of prediction, two alternative interpretations of the Nash equilibrium concept (...)
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    Ebbe Groes, Hans JØrgen Jacobsen, Birgitte Sloth & Torben Tranæs (1999). Testing the Intransitivity Explanation of the Allais Paradox. Theory and Decision 47 (3):229-245.
    This paper uses a two-dimensional version of a standard common consequence experiment to test the intransitivity explanation of Allais-paradox-type violations of expected utility theory. We compare the common consequence effect of two choice problems differing only with respect to whether alternatives are statistically correlated or independent. We framed the experiment so that intransitive preferences could explain violating behavior when alternatives are independent, but not when they are correlated. We found the same pattern of violation in the two cases. This is (...)
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