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various dependence properties. We present multivariate generalizations of this class studying symmetry and dependence concepts …
Persistent link: https://www.econbiz.de/10005076137
them are equivalent. Combined with the dummy player axiom, any of the collusion properties has strong symmetry implications …
Persistent link: https://www.econbiz.de/10009321679
We suggest new characterizations of the Banzhaf value without the symmetry axiom, which reveal that the …. Further, we explore symmetry implications of Lehrer's 2-efficiency axiom. …
Persistent link: https://www.econbiz.de/10008764997
The global financial crisis proved the critical impact of the gap between individual rationality and group rationality. This gap is not supposed to arise in a Neoclassical world, but it frequently arises in a world as complex as ours. The paper explores how endogenous instability might arise due...
Persistent link: https://www.econbiz.de/10009421509
approach." We argue that while exchangeability, interpreted as symmetry of evidence, is a weak assumption, when combined with …, and there is little evidence of symmetry, this implication of de Finetti's hypotheses is not intuitive. This motivates our …
Persistent link: https://www.econbiz.de/10008599642
In this study, we analyze the portfolio allocation based on time asymmetry of stock characteristics. In particular, we analyzed the empirical data of changes in financial stock prices during the day period and during the night period and have found that characteristics such as mean and variance...
Persistent link: https://www.econbiz.de/10011559116
approach." We argue that while exchangeability, interpreted as symmetry of evidence, is a weak assumption, when combined with …, and there is little evidence of symmetry, this implication of de Finetti's hypotheses is not intuitive. This motivates our …
Persistent link: https://www.econbiz.de/10011599431
Within a simple setup, we show that proportional taxation is implied by three properties: efficiency, symmetry, and … monotonicity. Efficiency: redistribution has no cost. Symmetry: members of the society with the same performance obtain the same …
Persistent link: https://www.econbiz.de/10011599557
We experimentally study the effect of asymmetry on cooperation in a 40 period prisoner's dilemma game in fixed partner design. We distinguish between a high and low payoff symmetric prisoner's dilemma and an asymmetric game combined out of both symmetric ones. Asymmetry significantly decreases...
Persistent link: https://www.econbiz.de/10010264803
from these raters. Symmetry and conditional symmetry models are models designed for square tables like the one arising from … the raters results. Conditional symmetry model which possessed an extra parameter for the off-diagonal cells is a special … case to symmetry. In this research work, we examined the effect of the extra parameter introduced by conditional symmetry …
Persistent link: https://www.econbiz.de/10010266154