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Wärneryd, Karl Erik - 1997

Persistent link: https://www.econbiz.de/10000958115

Do opponents' experience matter? : experimental evidence from a quantity precommitment game

Le Coq, Chloé; Jon Thor Sturluson - 2004 - [Elektronische Ressource], Rev. November 10, 2011

This paper investigates why subjects in laboratory experiments on quantity precommitment games consistently choose capacities above the Cournot level - the subgame-perfect equilibrium. We argue that this puzzling regularity may be attributed to players' perceptions of their opponents' skill or...

Persistent link: https://www.econbiz.de/10001913808

The cutting power of preparation

Tercieux, Olivier (contributor); … - 2005 - [Elektronische Ressource]

In a strategic game, a curb set [Basu and Weibull, Econ. Letters 36 (1991) 141] is a product set of pure strategies containing all best responses ro every possible belief restricted to this set. Prep sets [Voorneveld, Games Econ. Behav. 48 (2004) 403] relax this condition by only requiring the...

Persistent link: https://www.econbiz.de/10002552658

An axiomatization of minimal curb sets

Voorneveld, Mark (contributor); Kets, Willemien (contributor) - 2005 - [Elektronische Ressource], This version: March 23, 2005

Norde et al. [Games Econ. Behav. 12 (1996) 219] proved that none of the equilibrium concepts in the literature on equilibrium selection in finite strategic games satisfying existence is consistent. A transition to set-valued solution concepts overcomes the inconsistency problem: there is a...

Persistent link: https://www.econbiz.de/10002622655

Learning to be prepared

Kets, Willemien (contributor); Voorneveld, Mark (contributor) - 2005 - [Elektronische Ressource]

Behavioral economics provides several motivations for the common observation that agents appear somewhat unwilling to deviate from recent choices: salience, inertia, the formation of habits, the use of rules of thumb, or the locking in on certain modes of behavior due to learning by doing. This...

Persistent link: https://www.econbiz.de/10002640702

Networks of relations

Lippert, Steffen (contributor); … - 2004 - [Elektronische Ressource], This version: June 4, 2010, First version: 2001

change under different network configurations and information transmission technologies. In our model, relations are the … links, and the value of the network lies in its ability to enforce cooperative agreements that could not be sustained if … agents had no access to other network members' sanctioning power and information. We identify conditions for network …

Persistent link: https://www.econbiz.de/10002450641