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Unbeatable Imitation
Duersch, Peter; Oechssler, Joerg; Schipper, Burkhard C - Volkswirtschaftliche Fakultät, … - 2010
We show that for many classes of symmetric two-player games, the simple decision rule "imitate-the-best" can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...
Persistent link: https://www.econbiz.de/10008615619
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Interdependent Preferences, Potential Games and Household Consumption
Deb, Rahul - Volkswirtschaftliche Fakultät, … - 2008
economies to pure exchange economies with externalities. …
Persistent link: https://www.econbiz.de/10005787213
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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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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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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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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 Evolutionary Stability of Optimism, Pessimism and Complete Ignorance
Schipper, Burkhard C. - Volkswirtschaftliche Fakultät, … - 2005
/ yields a strategic advantage in submodular (resp. supermodular) games with aggregate externalities. Moreover, this …
Persistent link: https://www.econbiz.de/10005785794
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When an inefficient firm makes higher profit than its efficient rival
Sen, Debapriya; Stamatopoulos, Giorgos - Volkswirtschaftliche Fakultät, … - 2010
This paper considers a Cournot duopoly game with endogenous organization structures. There are two firms A and B who compete in the retail market, where A is more efficient than B. Prior to competition in the retail stage, firms simultaneously choose their organization structures which can be...
Persistent link: https://www.econbiz.de/10008574279
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Basilea III y la relevancia para la banca de desarrollo en América Latina
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2011
Annotated presentation made at the conference “Hacia una Mayor Competitividad e Integración de América Latina y el Caribe: la contribución de la banca de desarrollo”,on the occasion of the ALIDE Annual Meeting, Asunción, Paraguay, 19-20 May 2011. The paper describes first how regional...
Persistent link: https://www.econbiz.de/10011260005