Behavior and Biased Choice: A Pitcher’s Problem

• 발행기관: 한국무역연구원
• 저자명: Yang-Seung Lee
• 간행물 정보: 『무역연구』제12권 제5호, 123~134쪽, 전체 12쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2016.10.30

영문 초록

A game-theoretic model can not incorporate behavioral attitudes. For more effective prediction, the model can be augmented with the reflection of irrational choices. Pitcher’s problem of baseball can be a useful example to show association between strategic choice and behavioral attitude. On mound, the pitcher should encounter great risk of possible unwanted outcome. Confronting the risk, he might be inclined to choose the comfortable strategy, which can reduce possibility of trembling hand. The pitcher’s decision can be explained in two-dimensions: rationality and irrationality. In this paper, we will consider a situation that mixed strategy can be chosen. Intuitively, behavioral attitude is believed to generate some bias on probability distribution assigned for the strategies. That is, likeliness of choosing one pure strategy can be biased depending on behavioral attitude of the individual. Understanding the individuality of the player can contribute to anticipating how he would make a choice.

키워드

Behavior Mixed Strategy Nash Equilibrium Sports