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Evolutionary exploration of the finitely repeated prisoners’ dilemma : the effect of out-of-equilibrium play
Lindgren, Kristian; Verendel, Vilhelm - In: Games 4 (2013) 1, pp. 1-20
The finitely repeated Prisoners’ Dilemma is a good illustration of the discrepancy between the strategic behaviour suggested by a game-theoretic analysis and the behaviour often observed among human players, where cooperation is maintained through most of the game. A game-theoretic reasoning...
Persistent link: https://www.econbiz.de/10009753714
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Equilibrium selection in hawk-dove games
Blazquez de Paz, Mario; Koptyug, Nikita - In: Games 15 (2024) 1, pp. 1-30
We apply three equilibrium selection techniques to study which equilibrium is selected in a hawk-dove game with a multiplicity of equilibria. By using a uniform-price auction as an illustrative example, we find that when the demand in the auction is low or intermediate, the tracing procedure...
Persistent link: https://www.econbiz.de/10014480782
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Evolutionary dynamics of gig economy labor strategies under technology, policy and market influence
Hu, Kevin; Fu, Feng - In: Games 12 (2021) 2, pp. 1-31
The emergence of the modern gig economy introduces a new set of employment considerations for firms and laborers that include various trade-offs. With a game-theoretical approach, we examine the influences of technology, policy and markets on firm and worker preferences for gig labor....
Persistent link: https://www.econbiz.de/10012547805
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Watching eyes and living up to expectations: Unkind, not kind, eyes increase first mover cooperation in a sequential prisoner's dilemma
Pauwels, Loren; Declerck, Carolyn H.; Boone, Christophe - In: Games 8 (2017) 2, pp. 1-13
form expectations about the other player (first mover cooperation, trust) from the motive of greed (second mover … that unkind eyes urge first movers to live up to the interaction partner's expectations. …
Persistent link: https://www.econbiz.de/10011852686
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Watching eyes and living up to expectations : unkind, not kind, eyes increase first mover cooperation in a sequential prisoner’s dilemma
Pauwels, Loren; Declerck, Carolyn H.; Boone, Christophe - In: Games 8 (2017) 2, pp. 1-13
form expectations about the other player (first mover cooperation, trust) from the motive of greed (second mover … that unkind eyes urge first movers to live up to the interaction partner’s expectations. …
Persistent link: https://www.econbiz.de/10011708375
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Cournot's oligopoly equilibrium under different expectations and differentiated production
Grisáková, Nora; Štetka, Peter - In: Games 13 (2022) 6, pp. 1-17
firms. This article contains an oligopolistic model specifically designed for three different types of expectations, and has … games. An infinite time interval is considered here. Three types of future expectations were considered: a simple dynamic … model (or naïve expectations) in which the oligopolist assumes that its competitors will behave in the future based on their …
Persistent link: https://www.econbiz.de/10014418202
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Economic harmony : a rational theory of fairness and cooperation in strategic interactions
Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21
theory (EH). In EH, we retained the rationality principle but modified the players' utilities by defining them as functions …, without violating the rationality principle nor adding free parameters, indicate that the role of benevolent sentiments in …
Persistent link: https://www.econbiz.de/10013252726
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On information aggregation and interim efficiency in networks
Jimenez-Martinez, Antonio - In: Games 8 (2017) 1, pp. 1-14
This paper considers a population of agents that are engaged in a listening network. The agents wish to match their actions to the true value of some uncertain (exogenous) parameter and to the actions of the other agents. Each agent begins with some initial information about the parameter and,...
Persistent link: https://www.econbiz.de/10011709923
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On information aggregation and interim efficiency in networks
Jiménez-Martínez, Antonio - In: Games 8 (2017) 1, pp. 1-14
This paper considers a population of agents that are engaged in a listening network. The agents wish to match their actions to the true value of some uncertain (exogenous) parameter and to the actions of the other agents. Each agent begins with some initial information about the parameter and,...
Persistent link: https://www.econbiz.de/10011621465
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Evolutionary Exploration of the Finitely Repeated Prisoners’ Dilemma—The Effect of Out-of-Equilibrium Play
Lindgren, Kristian; Verendel, Vilhelm - In: Games 4 (2013) 1, pp. 1-20
The finitely repeated Prisoners’ Dilemma is a good illustration of the discrepancy between the strategic behaviour suggested by a game-theoretic analysis and the behaviour often observed among human players, where cooperation is maintained through most of the game. A game-theoretic reasoning...
Persistent link: https://www.econbiz.de/10011030497