Showing 1 - 10 of 511
We investigate whether tournament prizes that depend on joint output ("variable prize tournaments") can alleviate the sabotage problem which is otherwise inherent in tournament struc- tures. In a game-theoretical model with three contestants, we compare fixed-prize tournaments with tournaments...
Persistent link: https://www.econbiz.de/10014418051
In simple dyadic games such as rock, paper, scissors (RPS), people exhibit peculiar sequential dependencies across repeated interactions with a stable opponent. These regularities seem to arise from a mutually adversarial process of trying to outwit their opponent. What underlies this process,...
Persistent link: https://www.econbiz.de/10012649176
competition experiment. The two experiments use the same methods and subject pool, and examine games randomly selected from the …, and derive the predicted behavior as an output. The submission deadline is 1 December 2011, the results of the competition …
Persistent link: https://www.econbiz.de/10009752422
We introduce consistency of beliefs in the space of hierarchies of conditional beliefs (Battigalli and Siniscalchi) and use it to provide epistemic conditions for equilibria in finite multi-stage games with observed actions.
Persistent link: https://www.econbiz.de/10009752453
Reciprocal cooperation can be studied in the Centipede game, in which two players alternate in choosing between a cooperative GO move and a non-cooperative STOP move. GO sustains the interaction and increases the player pair's total payoff while incurring a small personal cost; STOP terminates...
Persistent link: https://www.econbiz.de/10011316544
This paper studies how the cost of delay and voting order affect agents' decisions in a unanimity voting mechanism. Specifically, we consider two-voter conclaves with commonly known preferences over two alternatives, the cost of delay, and the following novelty: each voter has a subjective...
Persistent link: https://www.econbiz.de/10014418159
We study 4 x 4 games for which the best response dynamics contain a cycle. We give examples in which multiple Shapley polygons occur for these kinds of games. We derive conditions under which Shapley polygons exist and conditions for the stability of these polygons. It turns out that there is a...
Persistent link: https://www.econbiz.de/10009751973
This paper deals with the problem of calculating the Shapley-Shubik power index in weighted majority games. We propose an efficient Monte Carlo algorithm based on an implicit hierarchical structure of permutations of players. Our algorithm outputs a vector of power indices preserving the...
Persistent link: https://www.econbiz.de/10013252753
We study the efficient computation of power indices for weighted voting games with precoalitions amongst subsets of players (reflecting, e.g., ideological proximity) using the paradigm of dynamic programming. Starting from the state-of-the-art algorithms for computing the Banzhaf and...
Persistent link: https://www.econbiz.de/10013171847
promote competition in railway transportation through timetable auctions and infrastructure access. However, the concession … has resulted in a vertically integrated structure that favors PeruRail, which faces minimal direct competition, controls … address these distortions, we propose reforming the auction mechanism to neutralize these advantages and enhance competition …
Persistent link: https://www.econbiz.de/10015408245