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This paper considers the dynamic evolution of algorithmic (recursive) learning rules in a normal form game. It is shown …
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experience and in which sellers, with private information about their type, choose utility-maximizing signals given these prices …
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we study voluntary contributions games.  We identify two robust features of the players' learning dynamics: search …Many interactive environments can be represented as games, but they are so large and complex that individual players … are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box …
Persistent link: https://www.econbiz.de/10011158994
In this survey article, we report results on the existence of pure-strategy Nash equilibria in games with an atomless … mixed-strategy Nash equilibria, and settings in which private information, anonymity and idiosyncratic shocks are given …
Persistent link: https://www.econbiz.de/10005776497
Traditional game theoretic analysis proposes backward induction as a model of rational behaviour in games with perfect … information. However, counterintuitive results have cast doubt on the predictive power of the theory. For example, in the …
Persistent link: https://www.econbiz.de/10005245531
This paper examines an Outside Option Game Designed to study the tension between maximizing the size of the surplus and bargaining over the division of thus surplus among those who contributed to its creation.
Persistent link: https://www.econbiz.de/10005443405