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Mohlin, Erik - Economics Institute for Research (SIR), … - 2010

This paper studies the evolution of peoples' models of how other people think -- their theories of mind. First, this is …

Persistent link: https://www.econbiz.de/10008494018

Does Evolution Solve the Hold-up Problem?

Ellingsen, Tore; Robles, Jack - Economics Institute for Research (SIR), … - 2000

The paper examines the theoretical foundations of the hold-up problem. At a first stage, one agent decides on the level of a relationship-specific investment. There is no contract, so at a second stage the agent must bargain with a trading partner over the surplus that the investment has...

Persistent link: https://www.econbiz.de/10005423810

Network Externality and Convention

Wärneryd, Karl - Economics Institute for Research (SIR), … - 1997

This is a dictionary entry forthcoming in Peter Newman, ed. The New Palgrave Dictionary of Economics and the Law, London: Macmillan, 1998.

Persistent link: https://www.econbiz.de/10005423820

Clever agents in Young's evolutionary bargaining model

Saez-Marti, Maria; Weibull, Jörgen W. - Economics Institute for Research (SIR), … - 1998

In the models of Young (1993a, b), boundedly rational individuals are recurrently matched to play a game, and they play myopic best replies to the recent history of play. It could therefore be an advantage to instead play a myiopic best reply to the myopic best reply, something boundedly...

Persistent link: https://www.econbiz.de/10005649167

The Evolution of Bargaining Behavior

Ellingsen, Tore - Economics Institute for Research (SIR), … - 1995

commitment and flexibility. When the pie's size is certain, evolution favors the "fair" strategy; accept any share greater than …

Persistent link: https://www.econbiz.de/10005649254

Rationality, Transparency, and Evolutionary Selection

Wärneryd, Karl - Economics Institute for Research (SIR), … - 1997

We discuss attempts to justify conditional cooperation in the Prisoners’ Dilemma based on the idea of identifying an opponent’s strategy. We note that the concept of such complete transparency of decision procedures is logically inconsistent. Furthermore, we observe that attempts to justify...

Persistent link: https://www.econbiz.de/10005649337

Clever agents in adaptive learning

Matros, Alexander - Economics Institute for Research (SIR), … - 2000

Saez-Marti and Weibull [4] investigate the consequences of letting some agents play a myopic best reply to the myopic best reply in Young's [8] bargaining model. This is how they introduce ''cleverness'' of players. We analyze such clever agents in general finite two-player games. We show that...

Persistent link: https://www.econbiz.de/10005649382

Altruism and Climate

Weibull, Jörgen; Alger, Ingela - Economics Institute for Research (SIR), … - 2006

Recognizing that individualism, or weak family ties, may be favorable to economic development, we ask how family ties interact with climate to determine individual behavior and whether there is reason to believe that the strength of family ties evolves differently in different climates. For this...

Persistent link: https://www.econbiz.de/10005649421

Rent, Risk and Replication. Political Contests and Preference Adaptation

Wärneryd, Karl - Economics Institute for Research (SIR), … - 1995

We study the long-run behavior of an economy where agents who are heterogeneous with respect to risk attitudes can either earn a certain income or enter a risky rent seeking contest. In contrast with standard evolutionary game theory, we distinguish between utility and material payoffs, and...

Persistent link: https://www.econbiz.de/10005649513

An Expectancy-Value Approach to Determinants of Trust

Viklund, Mattias - Economics Institute for Research (SIR), … - 2002

5 Swedish organizations (public and commercial). Trust was conceptualized as an attitude, dependent on respondents … in explaining trust in 3 organizations. However, it was also found that a model including only values as predictors of … trust was more powerful in explaining trust in 2 organizations: the Swedish Government and advertising firms. The phenomenon …

Persistent link: https://www.econbiz.de/10005802508