Showing 1 - 10 of 135
artificial intelligence may or may not be cooperative. We study the deter-minants and forms of algorithmic cooperation in the … prisoner’s dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely … also determine the cooperation rates of algorithms. However, algorithms tend to play different strategies than humans …
Persistent link: https://www.econbiz.de/10014543708
artificial intelligence may or may not be cooperative. We study the deter-minants and forms of algorithmic cooperation in the … prisoner's dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely … also determine the cooperation rates of algorithms. However, algorithms tend to play different strategies than humans …
Persistent link: https://www.econbiz.de/10014574289
Cooperation in prisoner's dilemma games can usually be sustained only if the game has an infinite horizon. We analyze … probability, where cooperation can occur in a subgame-perfect equilibrium only with the high probability). We find that the … termination rules do not significantly affect average cooperation rates. Specifically, employing a random termination rule does …
Persistent link: https://www.econbiz.de/10009008677
Cooperation in prisoner's dilemma games can usually be sustained only if the game has an infinite horizon. We analyze … probability, where cooperation can occur in a subgame-perfect equilibrium only with the high probability). We find that the … termination rules do not significantly affect average cooperation rates. Specifically, employing a random termination rule does …
Persistent link: https://www.econbiz.de/10014053735
artificial intelligence may or may not be cooperative. We study the determinants and forms of algorithmic cooperation in the … prisoner's dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely … also determine the cooperation rates of algorithms. However, algorithms tend to play different strategies than humans …
Persistent link: https://www.econbiz.de/10014358527
Cooperation in prisoner's dilemma games can usually be sustained only if the game has an infinite horizon. We analyze … probability, where cooperation can occur in a subgame-perfect equilibrium only with the high probability). We find that the … termination rules do not significantly affect average cooperation rates. Specifically, employing a random termination rule does …
Persistent link: https://www.econbiz.de/10010304701
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits, while the second contract gives an additional sales bonus....
Persistent link: https://www.econbiz.de/10010310249
We report results of experiments designed to test the predictions of the best reply process. In a Cournot oligopoly with four firms, the best reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability....
Persistent link: https://www.econbiz.de/10010317666
In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying oligopolies with two, three, four, and five firms in a...
Persistent link: https://www.econbiz.de/10010317679
We report results of experiments designed to test the predictions of the best reply process. In a Cournot oligopoly with four firms, the best reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability....
Persistent link: https://www.econbiz.de/10011539705