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We introduce a non-cooperative game model in which players' decision nodes are partially ordered by a dependence relation, which directly captures informational dependencies in the game. In saying that a decision node v is dependent on decision nodes v1,…,vk, we mean that the information...
Persistent link: https://www.econbiz.de/10013171795
Yellow fever is a vector-borne acute viral hemorrhagic disease. It is endemic in tropical areas of Africa and Latin America but demonstrated the potential for international spread during the 2016 outbreak in Luanda, Angola. Yellow fever can be prevented by vaccination, vector control, and...
Persistent link: https://www.econbiz.de/10013368181
In this paper, we examine the class of congestion games with player-specific payoff functions introduced by Milchtaich, I. (1996). Focusing on the special case of two resources, we give a short and simple method for identifying all Nash equilibria in pure strategies. We also provide a...
Persistent link: https://www.econbiz.de/10014636242
Baccara banque is a three-person zero-sum game parameterized by 0 E 2 (0; 1). A study of the game by Downton and Lockwood claimed that the Nash equilibrium is of only academic interest. Their preferred alternative is what we call the independent cooperative equilibrium. However, this solution...
Persistent link: https://www.econbiz.de/10011316668
We prove the existence of a trembling-hand perfect equilibrium within a class of compact, metric, and possibly discontinuous games. Our conditions for existence are easily verified in a variety of economic games.
Persistent link: https://www.econbiz.de/10009752425
Cooperation is widely recognized to be fundamental for the well-balanced development of human societies. Several different approaches have been proposed to explain the emergence of cooperation in populations of individuals playing the Prisoner’s Dilemma game, characterized by two concurrent...
Persistent link: https://www.econbiz.de/10012607383
We make use of data from a Facebook application where hundreds of thousands of people played a simultaneous move, zero-sum game-rock-paper-scissors-with varying information to analyze whether play in strategic settings is consistent with extant theories. We report three main insights. First, we...
Persistent link: https://www.econbiz.de/10012061949
The evolution of social or biological species can be modeled as an evolutionary game with the equilibrium strategies of the game as prediction for the ultimate distributions of species in population, when some species may survive with positive proportions, while others become extinct. We say a...
Persistent link: https://www.econbiz.de/10011891135
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
We consider non-zero sum bi-matrix games where one player presumes the role of a leader in the Stackelberg model, while the other player is her follower. We show that the leader can improve her reward if she can incentivise her follower by paying some of her own utility to the follower for...
Persistent link: https://www.econbiz.de/10011891212