no code implementations • 3 Apr 2024 • Sang Hu, Zihan Zhou
In particular, when in a repeated experiment the naive agent can observe her actual sequence of actions which are inconsistent with what she has planned at the initial time, she then chooses her immediate action based on the observations on her later actual behavior.
no code implementations • 5 Feb 2021 • Sang Hu, Jan Obloj, Xun Yu Zhou
We develop an approach to solve Barberis (2012)'s casino gambling model in which a gambler whose preferences are specified by the cumulative prospect theory (CPT) must decide when to stop gambling by a prescribed deadline.