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A real-effort experiment is conducted in order to detect preferences for one out of three different models of the …
Persistent link: https://www.econbiz.de/10012167864
decay over time. In a new setup we introduce non-enforceable sharing rules, as requests, in a repeated redistribution game …
Persistent link: https://www.econbiz.de/10012062386
Weighted committees allow shareholders, party leaders, etc. to wield different numbers of votes or voting weights as …
Persistent link: https://www.econbiz.de/10012698221
How does salient public information affect voters' behavior? In a majoritarian voting game with common preferences … (regardless of accuracy). A simple lab experiment contradicts both hypotheses - subjects tend to follow public information when it … to the voting decision. These findings are important because the salience of public information is easily manipulable by …
Persistent link: https://www.econbiz.de/10012168608
We consider a multilateral bargaining game in which the agents can be classified into two groups according to their instantaneous preferences. In one of these groups there is one agent with a different discount factor. We analyze how this time-preference heterogeneity may generate multiplicity...
Persistent link: https://www.econbiz.de/10011515611
This paper presents a simple adaptive model of demand adjustment in cooperative games and analyzes this model in weighted majority games. In the model, a randomly chosen player sets her demand to the highest possible value subject to the demands of other coalition members being satisfied. This...
Persistent link: https://www.econbiz.de/10013171812
Refinements of the Nash equilibrium have followed the strategy of extending the idea of subgame perfection to incomplete information games. This has been achieved by appropriately restricting beliefs at unreached information sets. Each new refinement gives stricter and more...
Persistent link: https://www.econbiz.de/10012061941
Agency may be exercised by different entities (e.g., individuals, firms, households). A given individual can form part of multiple agents (e.g., he may belong to a firm and a household). The set of agents that act in a given situation might not be common knowledge. We adapt the standard model of...
Persistent link: https://www.econbiz.de/10012015531
The problem of the existence of Berge equilibria in the sense of Zhukovskii in normal-form finite games in pure and in mixed strategies is studied. The example of a three-player game that has Berge equilibrium neither in pure, nor in mixed strategies is given.
Persistent link: https://www.econbiz.de/10012015714
I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract representation as a sequence of probability distributions that...
Persistent link: https://www.econbiz.de/10012015733