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Learning to Make Strategic Moves: Experimental Evidence
Poulsen, Anders - Volkswirtschaftliche Fakultät, … - 2007
Do players in practice make the strategic commitment moves that are predicted by game theory? Since such strategic …
Persistent link: https://www.econbiz.de/10005622106
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An understanding of influence on human behavior
Popp, Alexandru W. A. - Volkswirtschaftliche Fakultät, … - 2009
We describe a candid model for learning, why and how learning transpires. We investigate the original as well as the … leading conditions of the learning process. We provide an insight into the realm of beliefs and their formation, their … the influence that learning in general has on human behavior. …
Persistent link: https://www.econbiz.de/10005015595
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Mineral exploration as a game of chance
Bell, Peter N - Volkswirtschaftliche Fakultät, … - 2015
Exploration is a costly activity that helps a business improve their understanding of a potential mineral deposit. Yet, even with strong exploration results, the business faces uncertainty over the value of the mine. I model this situation as a game of chance. The game starts by giving an agent...
Persistent link: https://www.econbiz.de/10011274395
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Do repeated game players detect patterns in opponents? Revisiting the Nyarko & Schotter belief elicitation experiment
Spiliopoulos, Leonidas - Volkswirtschaftliche Fakultät, … - 2008
to be employing a simple heuristic alternative to more complex learning models. Simulations of these various belief …
Persistent link: https://www.econbiz.de/10005011947
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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
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A Mountain Biker cannot start a journey in sixth gear: An Assessment of the U.N. Global Compact’s Use of Soft Law as a Global Governance Structure for Corporate Social Responsibili...
Ghafele, Roya; Mercer, Angus - Volkswirtschaftliche Fakultät, … - 2011
The practical impossibility of employing hard law at an international level has meant that softer codes of conduct have stepped in to fill the void. The Global Compact is the most ambitious of these codes, created with a desire to engage business in the project of international development and...
Persistent link: https://www.econbiz.de/10011260197
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Competing risks analysis and deposit insurance governance convergence
Christopher, Gandrud - Volkswirtschaftliche Fakultät, … - 2011
Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. My paper aims to fill this gap in...
Persistent link: https://www.econbiz.de/10009422000
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A model of delegated project choice
Armstrong, Mark; Vickers, John - Volkswirtschaftliche Fakultät, … - 2008
We present a model in which a principal delegates the choice of project to an agent with different preferences. The principal determines the set of projects from which the agent may choose. The principal can verify the characteristics of the project chosen by the agent, but does not know which...
Persistent link: https://www.econbiz.de/10005835706
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Information, Authority, and Corporate Hierarchies
Choe, Chongwoo; In-Uck, Park - Volkswirtschaftliche Fakultät, … - 2010
principal can benefit from such delegation relative to centralization. We show that beneficial delegation is possible when … complete contracts cannot be written, and delegation of authority should necessarily be to the information gatherer. The benets … of delegation stem from either efficiency gains or reduction in rent to the information gatherer. …
Persistent link: https://www.econbiz.de/10008543778
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The Allocation of Decision-Making Authority when Principal has Reputation Concerns
Tamada, Yasunari; Tsai, Tsung-Sheng - Volkswirtschaftliche Fakultät, … - 2009
in°uence her reputation through her delegation policy. With reputation concerns, we show that the principal tends to keep …
Persistent link: https://www.econbiz.de/10008545990