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Minimax on the gridiron: Serial correlation and its effects on outcomes in the National Football League
Emara, Noha; Owens, David; Smith, John; Wilmer, Lisa - Volkswirtschaftliche Fakultät, … - 2014
We examine whether the predictions of minimax in zero-sum games holds under highly incentivized conditions with highly informed informed decision makers. We examine data from 3455 National Football League (NFL) games from the 2000 season through the 2012 season. We categorize every relevant play...
Persistent link: https://www.econbiz.de/10011113826
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Partially Honest Nash Implementation: A Full Characterization
Lombardi, Michele; Yoshihara, Naoki - Volkswirtschaftliche Fakultät, … - 2011
) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is … necessary and sufficient for implementation. Second, it provides simple tests for checking whether or not a social choice … correspondence can be implemented. Their usefulness is shown by examining implementation in a wide variety of environments. …
Persistent link: https://www.econbiz.de/10011258792
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Social choice and game theory: recent results with a topological approach
Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1983
This chapter presents a summary of recent results obtained in game and social choice theories, and highlights the application and the development of tools in algebraic topology. The purpose is expository: no attempt is made to provide complete proofs, for which references are given, nor to...
Persistent link: https://www.econbiz.de/10005789359
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On prospects and games: an equilibrium analysis under prospect theory
Rindone, Fabio; Greco, Salvatore; Di Gaetano, Luigi - Volkswirtschaftliche Fakultät, … - 2013
The aim of this paper is to introduce prospect theory in a game theoretic framework. We address the complexity of the weighting function by restricting the object of our analysis to a 2-player 2-strategy game, in order to derive some core results. We find that dominant and indifferent strategies...
Persistent link: https://www.econbiz.de/10011110809
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Elementary game theory
Soni, Himanshu; Sharma, Damini - Volkswirtschaftliche Fakultät, … - 2015
The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive situations. It involves strategic thinking, and studies the way people interact while making economic policies, contesting elections and other such decisions. There are various types...
Persistent link: https://www.econbiz.de/10011166059
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The problem of arising the Pareto inefficient norm in relations “investor – government” type.
Sokolovskyi, Dmytro; Sokolovska, Olena - Volkswirtschaftliche Fakultät, … - 2013
The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising...
Persistent link: https://www.econbiz.de/10011257751
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The classical notion of competition revisited
Salvadori, Neri; Signorino, Rodolfo - Volkswirtschaftliche Fakultät, … - 2010
We compare and analyse two different conceptions of market competition: the walrasian notion of perfect competition and the Classical notion of free competition: while the former may be described as an equilibrium state in which atomistic agents treat prices parametrically, the latter is a...
Persistent link: https://www.econbiz.de/10008516568
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The classical notion of competition revisited
Salvadori, Neri; Signorino, Rodolfo - Volkswirtschaftliche Fakultät, … - 2010
The paper seeks to fill a lacuna within Classical economics concerning the process of market price determination in a short-period equilibrium. To this aim, first we distinguish the Classical notion of free competition from the Walrasian notion of perfect competition and we argue that the latter...
Persistent link: https://www.econbiz.de/10008531932
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Price Dispersion and Learning in a Dynamic Differentiated-Goods Duopoly
Keller, Godfrey; Rady, Sven - Volkswirtschaftliche Fakultät, … - 2001
We study the evolution of prices set by duopolists who are uncertain about the perceived degree of product differentiation. Customers sometimes view the products as close substitutes, sometimes as highly differentiated. As the informativeness of the quantities sold increases with the price...
Persistent link: https://www.econbiz.de/10005187301
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Why People Tolerate Underground Economy and Tax Evasion?
Soldatos, Gerasimos T. - Volkswirtschaftliche Fakultät, … - 1995
An answer to this question is provided on the basis of a game-theoretic analysis connected methodologically with an intertemporal maximization model since a game played repeatedly over time, brings forward for consideration the present value of a sequence of payoffs. An optimal control problem...
Persistent link: https://www.econbiz.de/10011112396