Showing 1 - 10 of 121
We show that a cooperative outcome—one that is at least next-best for the players—is not a Nash equilibrium (NE) in 19 of the 57 2 x 2 strict ordinal conflict games (33%), including Prisoners' Dilemma and Chicken. Auspiciously, in 16 of these games (84%), cooperative outcomes are nonmyopic...
Persistent link: https://www.econbiz.de/10012921117
Many procedures have been suggested for the venerable problem of dividing a set of indivisible items between two players. We propose a new algorithm (AL), related to one proposed by Brams and Taylor (BT), which requires only that the players strictly rank items from best to worst. Unlike BT, in...
Persistent link: https://www.econbiz.de/10013081091
Barbanel, Brams, and Stromquist (2009) asked whether there exists a two-person moving-knife procedure that yields an envy-free, undominated, and equitable allocation of a pie. We present two procedures: One yields an envy-free, almost undominated, and almost equitable allocation, whereas the...
Persistent link: https://www.econbiz.de/10015221561
We analyze the 78 2 x 2 distinct strict ordinal games, 57 of which are conflict games that contain no mutually best outcome. In 19 of the 57 games (33%), including Prisoners’ Dilemma and Chicken, a cooperative outcome—one that is at least next-best for each player—is not a Nash equilibrium...
Persistent link: https://www.econbiz.de/10015260058
It is well-known that Nash equilibria may not be Pareto-optimal; worse, a unique Nash equilibrium may be Pareto-dominated, as in Prisoners’ Dilemma. By contrast, we prove a previously conjectured result: Every finite normal-form game of complete information and common knowledge has at least...
Persistent link: https://www.econbiz.de/10015238140
Barbanel, Brams, and Stromquist (2009) asked whether there exists a two-person moving-knife procedure that yields an envy-free, undominated, and equitable allocation of a pie. We present two procedures: One yields an envy-free, almost undominated, and almost equitable allocation, whereas the...
Persistent link: https://www.econbiz.de/10008595902
We propose a new voting system, satisfaction approval voting (SAV), for multiwinner elections, in which voters can approve of as many candidates or as many parties as they like. However, the winners are not those who receive the most votes, as under approval voting (AV), but those who maximize...
Persistent link: https://www.econbiz.de/10014045262
Barbanel, Brams, and Stromquist (2009) asked whether there exists a two-person moving-knife procedure that yields an envy-free, undominated, and equitable allocation of a pie. We present two procedures: One yields an envy-free, almost undominated, and almost equitable allocation, whereas the...
Persistent link: https://www.econbiz.de/10014045265
Assume that two players have strict rankings over an even number of indivisible items. We propose algorithms to find allocations of these items that are maximin — maximize the minimum rank of the items that the players receive — and are envy-free and Pareto-optimal if such allocations exist....
Persistent link: https://www.econbiz.de/10014025948
We propose a new voting system, satisfaction approval voting (SAV), for multiwinner elections, in which voters can approve of as many candidates or as many parties as they like. However, the winners are not those who receive the most votes, as under approval voting (AV), but those who maximize...
Persistent link: https://www.econbiz.de/10013140591