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In repeated public good experiments, reciprocity helps to sustain high levels of cooperation. Can this be achieved by location choices in addition to making contributions? It is more realistic to rely on an intuitive neighborhood model for community members who interact repeatedly. In our...
Persistent link: https://www.econbiz.de/10009754770
Das vorliegende Buch ist ein einführender Text in die nicht-kooperative Spieltheorie, der insbesondere für Studenten geeignet ist, die Freude an präziser Modellierung haben. Neben den Grundlagen der Normalform- und Extensivformspiele werden Themen aus der Verhandlungstheorie, der Theorie der...
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Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented by probabilities, common knowledge and symmetric rationality as background assumptions are treated as “given.” A richer language enabling us to capture the process leading...
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We analyze dynamic local interaction in population games where the local interaction structure (modeled as a graph) can change over time: A stochastic process generates a random sequence of graphs. This contrasts with models where the initial interaction structure (represented by a deterministic...
Persistent link: https://www.econbiz.de/10009751969
This paper focuses on the uneasy alliance of rational choice and evolutionary explanations in modern economics. While direct evolutionary explanations rule out "purposeful" rational choice by assuming "zero-intelligence" and pure rational choice explanations leave no room for "selective"...
Persistent link: https://www.econbiz.de/10005396148