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Games and Prospects
Rieger, Marc Oliver - Institut für Schweizerisches Bankwesen <Zürich> - 2006
We study how the framework of classical game theory changes when the preferences of the players are described by … Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability … the validity of prospect theory as a descriptive model in human behavior. …
Persistent link: https://www.econbiz.de/10005858351
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INCENTIVES AND OUTCOMES IN A STRATEGICSETTING: THE 3-POINTS-FOR-A-WIN SYSTEM INSOCCER
Moschini, GianCarlo - Iowa State University of Science and Technology <Ames, … - 2008
I exploit a major structural change that has occurred in world soccer to study the impact ofincentives on outcomes in a strategic setting. A game-theoretic model is developed thatcaptures some essential strategic elements of soccer vis-à-vis the number of points awardedto a win. The observable...
Persistent link: https://www.econbiz.de/10009360784
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Reputation und wiederholte Spiele
Rau-Bredow, Hans - 1996
Reputation bildet eine wichtige Vorraussetzung für das Funktionierende des alltäglichen Wirtschaftslebens.
Persistent link: https://www.econbiz.de/10005851003
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Internalizing Externalities of Loss-Prevention through Insurance Monopoly: An Analysis of Interdependent Consumer Risks
Hofmann, Annette - 2005
When risks are interdependent, an agent's decision to self-protect affects the loss probabilities faced by others. Due to these externalities, economic agents invest too little in prevention relative to the socially efficient level by ignoring marginal external costs or benefits conferred on...
Persistent link: https://www.econbiz.de/10005856262
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Do Factor Shares Reflect Technology?
Bental, Benjamin; Demougin, Dominique - 2005
This note demonstrates that it is easily possible to compute technological parameters out of national income accounting data in the presence of bargaining in the labor market. Applying the method to US data, we obtain that the output elasticity with respect to capital exceed 0.5.
Persistent link: https://www.econbiz.de/10005858016
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Faulty Nash Implementation in Exchange Economies withSingle-peaked Preferences
Doghmi, Ahmed; Ziad, Abderrahmane - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
economies with single -peaked preferences, to nite allocationproblems, and to equilibrium theory.[...] …
Persistent link: https://www.econbiz.de/10009022175
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Pro t-Maximizing Matchmaker
Yu Ko, Chiu; Konishi, Hideo - Boston College / Department of Economics - 2009
This paper considers a matchmaker game in the Shapley-Shubik(1971) (one-to-one) assignment problem. Each …rm proposes how muchit is willing to pay each worker if they are matched. Each worker alsoproposes which salary she is willing to accept from each …rm if they arematched. The matchmaker...
Persistent link: https://www.econbiz.de/10009302542
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Skill Mismatch in Equilibrium Unemployment
Bachmann, Ronald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005
We analyse the effect of skill mismatch in a search model of equilibrium unemployment with risk-neutral agents, endogenous job destruction, and two-sidedex-ante heterogeneity. First, we examine the interaction of labour market institutions and skill mismatch. We find that skill mismatch changes...
Persistent link: https://www.econbiz.de/10005861985
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What Ethics Can Learn From ExperimentalEconomics – If Anything
Güth, Werner; Kliemt, Hartmut - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Relying on the specific example of ultimatum bargaining experiments this paperexplores the possible role of empirical knowledge of behavioural “norm(ative)facts” within the search for (W)RE – (Wide) Reflective Equilibria on normativeissues. Assuming that “pro-social” behaviour...
Persistent link: https://www.econbiz.de/10005866425
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Brown-von Neumann-Nash Dynamics:The Continous Strategy Case
Hofbauer, Josef; Oechssler, Jörg; Riedel, Frank - Alfred-Weber-Institut für Sozial- und … - 2005
forlocal and global asymptotic stability which use concepts developed inevolutionary game theory..... …
Persistent link: https://www.econbiz.de/10005868464