Showing 1 - 10 of 382
According to the Framework Convention on Climate Change, global collective action is needed to stabilize "greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system." The Framework Convention thus...
Persistent link: https://www.econbiz.de/10010229864
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game with independent private values. The ex ante expected utilities of coalitions, at an incentive compatible (noncooperative) coalitional equilibrium, describe a (cooperative)...
Persistent link: https://www.econbiz.de/10003974150
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
This paper examines how neutral the current EU decision-making procedures are to membership and how well they obey certain transparent general constitutional principles. The paper evaluates the performance of the procedures by strategic and classical power indices. The main emphasis in the...
Persistent link: https://www.econbiz.de/10011507661
networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network … structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging … experimental game on eight-person networks. Free-form chat is enormously effective in achieving the non-equilibrium efficient …
Persistent link: https://www.econbiz.de/10012024395
We experimentally investigate a bargaining environment in which players negotiate over a fixed payment to one player …. Moreover, bargaining frictions increase as risk increases, and we document more frequent disagreements as risk increases. When … bargaining models require some separation between the determinants of bargaining power and fair compensation for risk exposure. …
Persistent link: https://www.econbiz.de/10010438024
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned … explained by a stronger connection between the tension in first proposals and the final bargaining outcome under time pressure …
Persistent link: https://www.econbiz.de/10011411276
Heuristics Hypothesis (SHH) proposes that fast instinctive decision making promotes cooperation in social dilemmas. In this paper …, we conduct a novel time-pressure experiment to shed light on the cognitive underpinnings of cooperation. Although we find … finding that fast and intuitive decision making promotes cooperation. Given payoff comprehension, the SHH predicts behavior …
Persistent link: https://www.econbiz.de/10011458007
We experimentally investigate behavior and beliefs in a sequential prisoner's dilemma. Each subject had to choose an action as first-mover and a conditional action as second-mover. All subjects also had to state their beliefs about others' second-mover choices. We find that subjects' beliefs...
Persistent link: https://www.econbiz.de/10011611150
artificial intelligence may or may not be cooperative. We study the deter-minants and forms of algorithmic cooperation in the … prisoner’s dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely … also determine the cooperation rates of algorithms. However, algorithms tend to play different strategies than humans …
Persistent link: https://www.econbiz.de/10014543708