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believing that the criminal will honour ransom payments. In this paper we explore the extent to which a criminal can build trust …
Persistent link: https://www.econbiz.de/10012061894
A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an optimal effort level. From this expression the set of Nash equilibria in the game is fully characterized. All Nash equilibria are symmetric and involve at most two actions...
Persistent link: https://www.econbiz.de/10012227698
We investigate experimentally whether the extent of conditional cooperation in public good games depends on the marginal per capita return (MPCR) to the public good and type of game. The MPCR is varied from 0.2 to 0.4 to 0.8. The "standard" game, in which three players contribute before a...
Persistent link: https://www.econbiz.de/10010503532
A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an optimal effort level. From this expression the set of Nash equilibria in the game is fully characterized. All Nash equilibria are symmetric and involve at most two actions...
Persistent link: https://www.econbiz.de/10011891195
Persistent link: https://www.econbiz.de/10002524553
Persistent link: https://www.econbiz.de/10001631002
Persistent link: https://www.econbiz.de/10001578399
believing that the criminal will honour ransom payments. In this paper we explore the extent to which a criminal can build trust …
Persistent link: https://www.econbiz.de/10012227771