Similar Search Results

The Problem of Cooperation and Reputation Based Choice

Bergh, Andreas; Engseld, Peter - 2006

The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people … illustrate how reputation based choice of opponents can explain both the emergence and deterioration of cooperation. We show that … empirical and experimental evidence of cooperation is consistent with our hypothesis that people behave so as to minimize the …

Persistent link: https://www.econbiz.de/10013208482

Choosing Opponents in Prisoners' Dilemma: An Evolutionary Analysis

Engseld, Peter; Bergh, Andreas - 2005

We analyze a cooperation game in an evolutionary environment. Agents make noisy observations of opponents' propensity … two agents agree to play. Pareto optimal cooperation is evolutionarily stable when reputation perfectly reflects … propensity to cooperate. With some reputation noise, there will be at least some cooperation. Individual concern for reputation …

Persistent link: https://www.econbiz.de/10013208494

Is altruism bad for cooperation?

Hwang, Sung-Ha; Bowles, Samuel - 2008

punishment costs. The negative effect of altruism on cooperation and material payoffs is greater the stronger is the reciprocity … when group members have opportunities to punish low contributors. Cooperation may also be supported if individuals are … embodying both reciprocity and altruism we show that unconditional altruism towards other members attenuates the punishment …

Persistent link: https://www.econbiz.de/10010287831

Every man for himself: Gender, norms and survival in martime disasters

Elinder, Mikael; Erixson, Oscar - 2012

Since the sinking of the Titanic, there has been a widespread belief that the social norm of 'women and children first' gives women a survival advantage over men in maritime disasters, and that captains and crew give priority to passengers. We analyze a database of 18 maritime disasters spanning...

Persistent link: https://www.econbiz.de/10010321473

Core and Bargaining Set of Shortest Path Games

Grahn, Sofia - 2001

In this paper it is shown that the core and the bargaining sets of Davis-Maschler and Zhou coincide in a class of shortest path games.

Persistent link: https://www.econbiz.de/10010321813

On the political economy of financial deregulation

Ertürk, Korkut Alp - 2016

Drawing broadly on the literature on the political economy of the financial crisis, the paper looks at deregulation as a market driven process that culminated in a collective action failure. In the run up to the 2008 Financial Crisis strong competition and moral hazard went hand in hand and that...

Persistent link: https://www.econbiz.de/10011882744

Asymmetric power and market failure: Power hazard in exchange

Ertürk, Korkut Alp - 2016

In simple textbook treatment of bilateral exchange traders end up on the contract curve such that the trading surplus is maximized regardless of any asymmetric bargaining power they might have. However, that need not be true when the terms of exchange are determined by uncooperative bargaining,...

Persistent link: https://www.econbiz.de/10011882745

A canonical model for interactive unawareness

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2005

Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness among several individuals and strong properties of knowledge. We show that this generalized state-space model arises naturally if states consist of maximally consistent sets of...

Persistent link: https://www.econbiz.de/10010266382

Joint inference and counterfactual experimentation for impulse response functions by local projections

Jordà, Òscar - 2007

This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds} which provide...

Persistent link: https://www.econbiz.de/10010274338

Unawareness, beliefs and games

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2007

We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...

Persistent link: https://www.econbiz.de/10010276636

1
2
3
4
5
6
7
8
9
10
Next
Last