Modeling Multistage Decision Processes with Reflexive Game Theory

Abstract

Reflexive Game Theory (RGT) has been designed to model a single session of decision making in a group. On the other hand, often one final decision is a result of series of discussions, which are dedicated to various aspects of the final decision. This paper introduces approach to model such multi-stage decision making processes by means of RGT. The basic idea is to set particular parameters (group structure, mutual relationships and influencess, etc.) during the series of decision making sessions.  To illustrate this idea three examples are provided.