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We consider a simplified model of finance market where two players carry on direct multistage bidding with risky assets (shares). One of the players (the insider) is informed on the liquidation price of a share, the other player knows its probability distribution only. It is shown that the...
Persistent link: https://www.econbiz.de/10009367486
The paper discusses convergence of evolutionary dynamics to mixed equiliria including different behavior strategies. Models of cooperative and altruistic behavior spreading are considered. The paper reveals special features of human behavior evolution in comparison with behavior in biological...
Persistent link: https://www.econbiz.de/10008597049