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Contests with Rank-Order Spillovers
Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Institute - 2009
-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …, tournaments, R&D races, models of ligitation, and a host of other contests. …
Persistent link: https://www.econbiz.de/10004964456
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Contests with Rank-Order Spillovers
Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Instituut - 2009
-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …, tournaments, R&D races, models of ligitation, and a host of other contests.<p>This paper has been accepted by <A href …
Persistent link: https://www.econbiz.de/10011257530
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Salience theory of choice under risk
Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - 2010
"We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined) salient payoffs. This leads the decision maker to a context-dependent representation of lotteries in which true probabilities are replaced by decision weights distorted in favor...
Persistent link: https://www.econbiz.de/10008665197
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Decision-making under the gambler's fallacy : evidence from asylum judges, loan officers, and baseball umpires
Chen, Daniel L.; Moskowitz, Tobias J.; Shue, Kelly - 2016
Persistent link: https://www.econbiz.de/10011450431
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Stochastic Orders of Proposing Players in Bargaining
Houba, Harold - Tinbergen Instituut - 2005
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...
Persistent link: https://www.econbiz.de/10011255513
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Costless Delay in Negotiations
Herings, P. Jean-Jacques; Houba, Harold - Tinbergen Instituut - 2015
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10011255692
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Diffusion of Behavior in Network Games Orchestrated by Social Learning
Huang, Jia-Ping; Koster, Maurice; Lindner, Ines - Tinbergen Instituut - 2013
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents are connected according to an undirected graph, the social network, and have the choice between two actions: either to adopt a new behavior or technology or stay with the default...
Persistent link: https://www.econbiz.de/10011256157
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Alternating Offers in Economic Environments
Houba, Harold - Tinbergen Institute
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...
Persistent link: https://www.econbiz.de/10005209433
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A Behavioral Model for Participation Games with Negative Feedback
Dindo, Pietro; Tuinstra, Jan - Tinbergen Institute - 2006
We study participation games with negative feedback, i.e. games where players choose either to participate in a certain project or not and where the payoff for participating decreases in the number of participating players. We use the replicator dynamics to model the competition between...
Persistent link: https://www.econbiz.de/10005209448
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Stochastic Orders of Proposing Players in Bargaining
Houba, Harold - Tinbergen Institute
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...
Persistent link: https://www.econbiz.de/10005209487