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Chainstore paradox
also called "Chain-Store paradox"

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  1. a concept that purports to refute standard game theory reasoning

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 27, 2009
  2. A monopolist (Player A) has branches in 20 towns

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 27, 2009
  3. Decision effort is a scarce commodity, being both time consuming and mentally taxing

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 27, 2009
  4. The individual uses their past experience of the results of decisions to guide their response to choices in the present. "The underlying criteria of similarity between decision situations are crude and sometimes inadequate". (Selten) The individual t

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 27, 2009
  5. One chooses which method (routine, imagination or reasoning) to use for the problem, and this decision itself is made on the routine level

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 27, 2009
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