Similar Search Results

On equilibrium in pure strategies in games with many players

Cartwright, Edward; Wooders, Myrna Holtz - 2003

many players, every mixed strategy Nash equilibrium can be used to construct a Nash e-equilibrium in pure strategies that …

Persistent link: https://www.econbiz.de/10011593832

Social learning, search and heterogeneity of payoffs

Cartwright, Edward - 2007

We consider a simple model that combines elements of search and social learning. Acting in sequence, and observing the action adopted by a previous agent, agents must search for an action. We explore why agent heterogeneity may increase expected payoffs and demonstrate that social learning may...

Persistent link: https://www.econbiz.de/10010290624

On the emergence of social norms

Cartwright, Edward - 2007

We consider a model of conformity that permits a non-conformist equilibrium and multiple conformist equilibria. Agents …

Persistent link: https://www.econbiz.de/10010290695

On the Emergence of Social Norms

Cartwright, Edward - School of Economics, University of Kent - 2007

We consider a model of conformity that permits a non-conformist equilibrium and multiple conformist equilibria. Agents …

Persistent link: https://www.econbiz.de/10005763210

Social Learning, Search and Heterogeneity of Payoffs

Cartwright, Edward - School of Economics, University of Kent - 2007

Persistent link: https://www.econbiz.de/10005763224

ON PURIFICATION OF EQUILIBRIUM IN BAYESIAN GAMES AND EX-POST NASH EQUILIBRIUM

Cartwright, Edward; Wooders, Myrna - Department of Economics, University of Warwick - 2004

equilibrium of the induced game of complete information, then there is purification of that strategy that is an approximate … equilibrium of the original Bayesian game. We also provide two examples demonstrating, amongst other things, that the bound we … obtain on the distance of the purification from satisfying the requirements for an exact equilibrium is tight. …

Persistent link: https://www.econbiz.de/10005368553

On the theory of equalizing differences Increasing abundances of types of workers may increase their earnings

Wooders, Myrna; Cartwright, Edward - In: Economics Bulletin 4 (2001) 4, pp. 1-10

The theory of equalising differences recognises that wage differentials may be required to equalise the attractiveness of alternative occupations. We examine this theory using the Conley/Wooders 'crowding types'' model. The crowding types model distinguishes between the tastes of a player and...

Persistent link: https://www.econbiz.de/10005196410