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On the (Non)-Lattice Structure of Equilibrium Sets in Games with Strategic Substitutes

Roy, Sunanda - 2020

This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...

Persistent link: https://www.econbiz.de/10012824357

Minimax on the gridiron: Serial correlation and its effects on outcomes in the National Football League

Emara, Noha; Owens, David; Smith, John; Wilmer, Lisa - Volkswirtschaftliche Fakultät, … - 2014

We examine whether the predictions of minimax in zero-sum games holds under highly incentivized conditions with highly informed informed decision makers. We examine data from 3455 National Football League (NFL) games from the 2000 season through the 2012 season. We categorize every relevant play...

Persistent link: https://www.econbiz.de/10011113826

Wise exploitation – a game with a higher productivity than cooperation – transforms biological productivity into economic productivity.

Friedrich, T. - Volkswirtschaftliche Fakultät, … - 2009

I suggest a new game called wise exploitation. It is characterized by a small investment of the exploiting party to either breed the exploited party or educate the exploited party not to detect exploitation. Thereby a higher productivity than cooperation or prisoners´ dilemma is achieved. The...

Persistent link: https://www.econbiz.de/10008595615

Beliefs and (In)Stability in Normal-Form Games

Hyndman, Kyle; Terracol, Antoine; Vaksmann, Jonathan - Volkswirtschaftliche Fakultät, … - 2013

In this paper, we use experimental data to study players' stability in normal-form games where subjects have to report … without feedback. We document a high degree of stability within the same (strategically equivalent) game, although time and … changes in the presentation of the game do lead to less stability. To look at stability across different games, we adopt the …

Persistent link: https://www.econbiz.de/10011107567

On prospects and games: an equilibrium analysis under prospect theory

Rindone, Fabio; Greco, Salvatore; Di Gaetano, Luigi - Volkswirtschaftliche Fakultät, … - 2013

The aim of this paper is to introduce prospect theory in a game theoretic framework. We address the complexity of the weighting function by restricting the object of our analysis to a 2-player 2-strategy game, in order to derive some core results. We find that dominant and indifferent strategies...

Persistent link: https://www.econbiz.de/10011110809

Elementary game theory

Soni, Himanshu; Sharma, Damini - Volkswirtschaftliche Fakultät, … - 2015

The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive situations. It involves strategic thinking, and studies the way people interact while making economic policies, contesting elections and other such decisions. There are various types...

Persistent link: https://www.econbiz.de/10011166059

The problem of arising the Pareto inefficient norm in relations “investor – government” type.

Sokolovskyi, Dmytro; Sokolovska, Olena - Volkswirtschaftliche Fakultät, … - 2013

The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising...

Persistent link: https://www.econbiz.de/10011257751

Social choice and game theory: recent results with a topological approach

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1983

This chapter presents a summary of recent results obtained in game and social choice theories, and highlights the application and the development of tools in algebraic topology. The purpose is expository: no attempt is made to provide complete proofs, for which references are given, nor to...

Persistent link: https://www.econbiz.de/10005789359

Individual Learning : Theory Formation, and Feedback in a Complex Task

Lanteri, Alessandro; Novarese, Marco - 2007

We present an experiment for the study of learning in a complex task which requires both memorisation and the ability to process several pieces of information. The outcome of an action, for which immediate feedback is given, depends on the context (i.e. one of thirty-two sequences of three...

Persistent link: https://www.econbiz.de/10014223185

Why People Tolerate Underground Economy and Tax Evasion?

Soldatos, Gerasimos T. - Volkswirtschaftliche Fakultät, … - 1995

An answer to this question is provided on the basis of a game-theoretic analysis connected methodologically with an intertemporal maximization model since a game played repeatedly over time, brings forward for consideration the present value of a sequence of payoffs. An optimal control problem...

Persistent link: https://www.econbiz.de/10011112396