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We test the assumption that preferences are unchanged throughout a strategic game in the absence of feedback. To do so, we study the relationship between the strategic nature of a game and players' identification in social groups. We present evidence that the strategic nature of the game affects...
Persistent link: https://www.econbiz.de/10005835981
The production of biofuels and the establishment of a biofuels industry in South Africa have largely been hampered by the structure, procedures and requirements as set out in the Industrial Biofuel Strategy. This article sketches the industry by means of a game theoretic representation. A model...
Persistent link: https://www.econbiz.de/10009201439
The production of biofuels in many countries is largely driven by the government strategy and incentives that are in place. In South Africa the first round of the development of such a draft strategy took place in 2005 while the official stance on biofuels was finalized in December of 2007....
Persistent link: https://www.econbiz.de/10009201441
The paper investigates two different approaches to the analysis of institutions using game theory and discusses their … methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern’s theory, we investigate … how game theory has been applied to the analysis of institutions, these being considered, as in Hayek (1967, 1988a) as the …
Persistent link: https://www.econbiz.de/10011257784
The aim of this paper is to propose a methodology to stabilize the currency markets by adopting Game Theory. Our idea …
Persistent link: https://www.econbiz.de/10011258452
This paper attempts to explore the possibilities of a viable transport network in the long run which can respond to the demand for communication by people of Tripura as well as the demand of Tripura’s projected economy. Since, Tripura is constantly facing the problem of lack of a smooth...
Persistent link: https://www.econbiz.de/10011259372
state (lower trust/social capital). The theory may be used to analyze a variety of social interactions like the ethnic …
Persistent link: https://www.econbiz.de/10008869279
This paper examines the use of game theory in educational sciences. It describes the evolution of game theory from the … application of game theory to issues of education. However, the extremely small number of published articles can be interpreted as …
Persistent link: https://www.econbiz.de/10009148024
The aim of this paper is to propose a methodology to stabilize the financial markets using Game Theory and in …
Persistent link: https://www.econbiz.de/10009372509
. Game theory has been applied to explain the base rate transition scenario in the paper. …
Persistent link: https://www.econbiz.de/10008685532