Showing 1 - 10 of 43,193
We justify risk neutral equilibrium bidding in commonly known fair division games with incompleteinformation by an …
Persistent link: https://www.econbiz.de/10012848843
Persistent link: https://www.econbiz.de/10011885979
Classical economic theory assumes that people are rational and selfish, but behavioral experiments often point to inconsistent behavior, typically attributed to "other regarding preferences." The Ultimatum Game, used to study fairness, and the Trust Game, used to study trust and trustworthiness,...
Persistent link: https://www.econbiz.de/10011316592
This paper studies the evolution of both characteristics of reciprocity - the willingness to reward friendly behavior and the willingness to punish hostile behavior. Firstly, preferences for rewarding as well as preferences for punishing can survive evolution provided individuals interact within...
Persistent link: https://www.econbiz.de/10010440934
Persistent link: https://www.econbiz.de/10011886286
Persistent link: https://www.econbiz.de/10014322332
There is continuing debate about what explains cooperation and self-sacrifice in nature and in particular in humans. This paper suggests a new way to think about this famous problem. I argue that, for an evolutionary biologist as well as a quantitative social scientist, the triangle of two...
Persistent link: https://www.econbiz.de/10010235846
The human intestinal microbiota plays a fundamental role in host health and is associated with many diseases when the homeostasis is disturbed. Although recent achievements in metagenomic sequencing have begun to reveal the variety of microbial composition associated with healthy and disease...
Persistent link: https://www.econbiz.de/10011550552
We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...
Persistent link: https://www.econbiz.de/10011509505
In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether boundedly rational, adaptive agents can learn to...
Persistent link: https://www.econbiz.de/10011515836