Showing 1 - 10 of 456
This study investigates the relationship between an actor’s beliefs about others’ other-regarding (social) preferences and her own other-regarding preferences, using an “avant-garde” hierarchical Bayesian method. We estimate two distributional other-regarding preference parameters, α...
Persistent link: https://www.econbiz.de/10009753708
We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information available to the experimental subjects in a simple,...
Persistent link: https://www.econbiz.de/10012432206
We study an extended version of a sender-receiver signaling game-a context-signaling (CS) game that involves external contextual cues that provide information about a sender's private information state. A formal evolutionary analysis of the investigated CS game shows that ambiguous signaling...
Persistent link: https://www.econbiz.de/10013172391
Ryan (2019), given a closed and convex set of priors, ambiguity-averse voters would select a prior from this set in a …
Persistent link: https://www.econbiz.de/10012061909
confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the … multistage experiment where subjects face different sources of ambiguity and where we are able to control for self …” ambiguity aversion. Our regressions show that the two measures are significantly correlated at the subject level, that the …
Persistent link: https://www.econbiz.de/10012015585
Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented by probabilities, common knowledge and symmetric rationality as background assumptions are treated as “given.” A richer language enabling us to capture the process leading...
Persistent link: https://www.econbiz.de/10009751382
We propose some variants of a multi-modal of joint action, preference and knowledge that support reasoning about epistemic games in strategic form. The first part of the paper deals with games with complete information. We first provide syntactic proofs of some well-known theorems in the area of...
Persistent link: https://www.econbiz.de/10009752449
We numerically solve the classical "Game of Pure Strategy" using linear programming. We notice an intricate even-odd behaviour in the results of our computations that seems to encourage odd or maximal bids.
Persistent link: https://www.econbiz.de/10009754113
Costly signaling is a mechanism through which the honesty of signals can be secured in equilibrium, even in interactions where communicators have conflicting interests. This paper explores the dynamics of one such signaling game: Spence’s model of education. It is found that separating...
Persistent link: https://www.econbiz.de/10009754763
Prompted by a real-life observation in the UK retail market, a two-player Prisoners’ Dilemma model of an alliance between two firms is adapted to include the response of a rival firm, resulting in a version of a three-player Prisoners’ Dilemma. We use this to analyse the impact on the...
Persistent link: https://www.econbiz.de/10010240818