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The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …
Persistent link: https://www.econbiz.de/10009328147
Not only the gamescom fair in Cologne and the games convention fair in Leipzig have recently shown that the often … ridiculed games industry (PC, console and mobile gaming) has long since matured into a serious economic sector on a par with the … film industry. Since the days of TV games the gaming sector has been one of the fastest-growing areas of the media business …
Persistent link: https://www.econbiz.de/10005105907
This essay provides an approach to the analysis of the link between Thorstein Veblen's evolutionary approach and evolutionary game theory (EGT). We shed some light on the potential contribution of Veblen's theory of socioeconomic evolution to the discussion on the application of EGT to social...
Persistent link: https://www.econbiz.de/10008839503
noncooperative games with imperfect information . The problem can be summarized as follows : disclosure that is, (less anonymity) may …
Persistent link: https://www.econbiz.de/10005623471
Evaluation's way is set on a paradox. The feed-back of evaluation would imply - according to a wrong way - the evaluation of the examiner. Systemic Analysis could show the promises and the semantic limits of this technical. It seems to be impossible to measure work's human value through the...
Persistent link: https://www.econbiz.de/10005789686
in need of help themselves must be prepared to take the new routes. Assistance systems, e-Health and health games benefit … to brain jogging and exercise games. …
Persistent link: https://www.econbiz.de/10008556303
Creative Management has a meaning of innovative management, which always requires changes in terms of searching for the new paths of development in this area. These changes appear as a result of the social and political change dynamics, namely globalization, as a European and worldwide...
Persistent link: https://www.econbiz.de/10008680324
Certain commodity producers face uncertain output and price, but can trade financial derivatives on price. I consider how best to use a put option on price. I introduce the variance surface, which is a data visualization technique that shows the level of variance across a grid of values for the...
Persistent link: https://www.econbiz.de/10011274382
Tail hedging is a portfolio management strategy meant to reduce the risk of large losses. For an investor who holds a stock market index fund, the strategy entails buying out of the money put options on the index. Research suggests the strategy works well in practice and I explore the returns to...
Persistent link: https://www.econbiz.de/10011274394
simulation experiment. …
Persistent link: https://www.econbiz.de/10011274395