Similar Search Results

Social Preferences under the Shadow of the Future

Kölle, Felix; Quercia, Simone; Tripodi, Egon - 2023

Social interactions predominantly take place under the shadow of the future. Previous literature explains cooperation in indefinitely repeated prisoner's dilemma as predominantly driven by self-interested strategic considerations. This paper provides a causal test of the importance of social...

Persistent link: https://www.econbiz.de/10014467723

Cooperation, Competition, and Welfare in a Matching Market

Bester, Helmut; Sákovics, József - 2022

We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...

Persistent link: https://www.econbiz.de/10014467786

Cooperation, competition, and welfare in a matching market

Bester, Helmut; Sákovics, József - 2022

Persistent link: https://www.econbiz.de/10013333575

(Dis)honesty and the Value of Transparency for Campaign Promises

Lang, Matthias; Schudy, Simeon - 2023

Promise competition is prevalent in many economic environments, but promise keeping is often difficult to observe. We study the value of transparency for promise competition and ask whether promises still offer an opportunity to honor future obligations when outcomes do not allow for observing...

Persistent link: https://www.econbiz.de/10014467742

Kompleksite Iktisadı ve Ajan-Temelli Modelleme: Metodolojik Bir Yaklaşım

Eren, Ercan - 2013

game theory, behavioral economics, behavioral game theory, evolutionary game theory, neuroeconomics, experimental economics … and multiple equilibrium, they provide new oportunities to the theory of economics. In this study, firstly, Austrian …

Persistent link: https://www.econbiz.de/10010320502

The Theory of the Demand for Health Insurance

Nyman, John A. - 2001

Conventional theory holds that moral hazard - the additional health care purchased as a result of becoming insured - is … less than its costs. The theory of the demand for health insurance presented here suggests that moral hazard is primarily …

Persistent link: https://www.econbiz.de/10010263363

The Demand for Insurance: Expected Utility Theory from a Gain Perspective

Nyman, John A. - 2001

Expected utility theory holds that the demand for insurance is a demand for certainty, because under the conventional … specification of the theory, it appears as if buyers of insurance prefer certain losses to actuarially equivalent uncertain ones … paper attempts to reconcile expected utility theory with this empirical evidence by suggesting that insurance is demanded to …

Persistent link: https://www.econbiz.de/10010263364

The Expected Number of Nash Equilibria of a Normal Form Game

McLennan, Andrew - 2001

Fix finite pure strategy sets S1, . . ., Sn, and let S = S1 x . . .x Sn. In our model of a random game the agents' payoffs are statistically independent, with each agent's payoff uniformly distributed on the unit sphere in IRS. For given nonempty T1 c S1, . . ., Tn c Sn we give a computationally...

Persistent link: https://www.econbiz.de/10010263365

Existence, Uniqueness, and Determinacy of Equilibria in Complete Security Markets with Infinite Dimensional Martingale Generator

Kusuda, Koji - 2002

There is a strong evidence that most of financial variables are better described by a combination of difusion and jump processes. Considering such evidence, researchers have studied security market models with jumps, in particular, in the context of option pricing. In most of their models, jump...

Persistent link: https://www.econbiz.de/10010263366

A Theoretical Investigation of Handguns, Cops and Robbers

Jin Kim, Jin; Boyd, John H. - 2002

We study a theoretical general equilibrium environment in which the only activity of interest is armed robbery. Agents choose whether to be citizens or robbers, and whether to purchase handguns. Armed citizens can protect themselves from robbery but any armed agent runs the risk of accidentally...

Persistent link: https://www.econbiz.de/10010263368