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Why Fairness? Facial Expressions, Evolutionary Psychology, and the Emergence of Fairness in Simple Bargaining Games
Eckel, Catherine; Wilson, Rick K. - 1999
"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power lies with predicting the behavior of large groups --...
Persistent link: https://www.econbiz.de/10009468443
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14.123 Microeconomic Theory III, Spring 2009
Eso, Peter - 2009
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
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Under-connected and over-connected networks
Buechel, Berno; Hellmann, Tim - 2008
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10009452539
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On the stability of CSS under the replicator dynamic
Louge, Fernando - 2010
This paper considers a two-player game with a one-dimensional continuous strategy. We study the asymptotic stability of equilibria under the replicator dynamic when the support of the initial population is an interval. We find that, under strategic complementarities, Continuously Stable Strategy...
Persistent link: https://www.econbiz.de/10009452570
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Evolutionary stability of first price auctions
Louge, Fernando; Riedel, Frank - 2010
This paper studies the evolutionary stability of the unique Nash equilibrium of a first price sealed bid auction. It is shown that the Nash equilibrium is not asymptotically stable under payoff monotonic dynamics for arbitrary initial populations. In contrast, when the initial population...
Persistent link: https://www.econbiz.de/10009452572
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Enhancing expert system intelligentagents using game theory
Vineyard, Craig - 2009
An agent is generally defined as an entity capable of perceiving its environment and accomplishing a particular action without explicit instruction. Blindly taking directives without thinking is typically not intelligent, so rather a software agent is deemed intelligent if it may be...
Persistent link: https://www.econbiz.de/10009429652
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The Ombudsman: Value of Expertise for Forecasting Decisions in Conflicts
Green, Kesten C.; Armstrong, J. Scott - 2007
In important conflicts such as wars and labor-management disputes, people typically rely on the judgment of experts to predict the decisions that will be made. We compared the accuracy of 106 forecasts by experts and 169 forecasts by novices about eight real conflicts. The forecasts of experts...
Persistent link: https://www.econbiz.de/10009439172
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Wage bargaining, productivity and training: SKOPE Research Paper No. 33, Summer 2002
Manzini, Paola; Snower, Dennis J. - 2002
This paper explores the sources of bargaining power in wage negotiations, and examines how productivity and training … affect wages. In the standard analyses of wage bargaining, the negotiating partners are specified a priori, and thus it is … impossible to address the question of how they achieve and retain their negotiating positions, on which their bargaining power is …
Persistent link: https://www.econbiz.de/10009441370
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A Stochastic Multiple Players Multi-Issues Bargaining Model for the Piave River Basin
Sgobbi, Alessandra; Carraro, Carlo - 2007
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …
Persistent link: https://www.econbiz.de/10009443174
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Modelling Negotiated Decision Making: a Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty
Sgobbi, Alessandra; Carraro, Carlo - 2007
The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is … on some dimensions of the bargaining process – asymmetries and uncertainties in particular – by using a non … most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce …
Persistent link: https://www.econbiz.de/10009445080