Abstract:PurposeThis study aims to investigate the effects and implications of overconfidence in a competitive game involving multiple newsvendors. This study explores how overconfidence influences system coordination, optimal stocking strategies and competition among newsvendors in the context of the well-known newsvendor stocking problem.Design/methodology/approachThe study applies robust optimization theory and the absolute regret minimization criterion to analyze the competitive game of overconfident newsvendors. T… Show more
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