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It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...
Persistent link: https://www.econbiz.de/10005125594
The aim of this paper is to determine the potential profitability of technical analysis applied on the foreign exchange …
Persistent link: https://www.econbiz.de/10005134787
explained either by altruism or by an exchange motive. Though unequal sharing is expected under both hypotheses, under altruism … parents should direct their assistance to less well off children. Analogously, under an exchange motive we expect support to …
Persistent link: https://www.econbiz.de/10005413268
must also be acknowledged. A new paradigm brings all of economics in a unified model of exchange. It abolishes the micro …
Persistent link: https://www.econbiz.de/10005413280
The existence of social norms is one of the big unsolved problems in social cognitive science. Although no other concept is invoked more frequently in the social sciences, we still know little about how social norms are formed, the forces determining their content, and the cognitive and...
Persistent link: https://www.econbiz.de/10005076756
convergence, it is the outcome of this exchange of concessions that holds the promise of the most significant gains for Latin … characterized by a reciprocal and a significant exchange of market access concessions and, (2) Latin American countries strengthen …
Persistent link: https://www.econbiz.de/10005062629
stable gift exchange practices in the labor contract, giving rise to non- compensating wage differentials among industries …. We use the concept of Sequential Reciprocity Equilibrium developed by Dufwenberg & Kirchsteiger (1998) to incorporate … players’ preferences for reciprocity in their utility function. We model the labor relation through a one shot sequential gift …
Persistent link: https://www.econbiz.de/10005408349
charges for terminating calls, reciprocity eliminates differences between internal and cross-network prices and makes monopoly …This paper evaluates the effectiveness of several pricing rules intended to promote entry into a network industry … interconnected networks. In a symmetric equilibrium, the price of cross-network calls exceeds the price of internal calls. This …
Persistent link: https://www.econbiz.de/10005412944
of a reciprocity rule eliminates the strategic power of the first mover. Under reciprocity, one network sets the common … subscribe to the same network. However, under reciprocity, there are no corner equilibria. …We discuss the effects of strategic commitments and of network size in the process of setting interconnection fees …
Persistent link: https://www.econbiz.de/10005412988
A preference for negative reciprocity is an important part of the human emotional repertoire. We model its role in … sustaining cooperative behavior but highlight an intrinsic free-rider problem: the fitness benefits of negative reciprocity are … reciprocity is a meme consisting of a group norm together with low-powered (and low-cost) group enforcement of the norm. The main …
Persistent link: https://www.econbiz.de/10005550868