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Equilibria existence in regular discontinuous games
de Castro, Luciano I. - 2008
Many conditions have been introduced to weaken the continuity re-quirements for equilibrium existence in games. We introduce a new con-dition, called regularity, that is simple and easy to verify. It is implied both by Reny's better-reply security and Simon and Zame's endogenous sharing rule...
Persistent link: https://www.econbiz.de/10010282886
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Beliefs, Learning, and Personality in the Indefinitely Repeated Prisoner's Dilemma
Gill, David; Rosokha, Yaroslav - 2022
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013426341
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Doing Your Best When Stakes Are High? Theory and Experimental Evidence
Houy, Nicolas; Nicolaï, Jean-Philippe; Villeval, Marie … - 2016
experiment that reproduces the main features of a tennis match. We show that our importance criterion is able to predict the …
Persistent link: https://www.econbiz.de/10011479284
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A micro-foundation for non-deterministic contests of the logit form
Dahm, Matthias; Porteiro, Nicolás - 2005
In models of non-deterministic contest, players exert irreversible effort in order to increase their probability of winning a prize. The most prominent functional form of the win probability in the literature is the so-called logit" contest success function. We provide a simple micro-foundation...
Persistent link: https://www.econbiz.de/10010266296
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Gambling and the use of credit: an individual and household level analysis
Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - 2010
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10010271301
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Ranking friends
Kets, Willemien; Feinberg, Yossi - 2012
We investigate the scope for cooperation within a community engaged in repeated reciprocal interactions. Players seek the help of others and approach them sequentially according to some fixed order, that is, a ranking profile. We study the ranking profiles that are most effective in sustaining...
Persistent link: https://www.econbiz.de/10010352860
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Compressed equilibrium in large repeated games of incomplete information
Kalai, Ehud; Shmaya, Eran - 2013
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10010352862
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Negotiating Cooperation under Uncertainty: Communication in Noisy, Indefinitely Repeated Interactions
Dvorak, Fabian; Fehrler, Sebastian - 2018
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...
Persistent link: https://www.econbiz.de/10011931862
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God Does Not Play Dice, but Do We? On the Determinism of Choice in Long-run Interactions
Backhaus, Teresa; Breitmoser, Yves - 2018
When do we cooperate and why? This question concerns one of the most persistent divides between \"theory and practice\", between predictions from game theory and results from experimental studies. For about 15 years, theoretical analyses predict completely-mixed \"behavior\" strategies, i.e....
Persistent link: https://www.econbiz.de/10011932961
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Folk theorems with bounded recall under (almost) perfect monitoring
Mailath, George J.; Olszewski, Wojciech - 2008
under the profile after two distinct histories that agree in the last L periods is equal. Mailath and Morris (2002, 2006) proved that any strict equilibrium in bounded-recall strategies of a game with full support public monitoring is robust to all perturbations of the monitoring structure...
Persistent link: https://www.econbiz.de/10010266288