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This paper develops a Trade Network Game (TNG) that combines evolutionary game play with endogenous partner selection. Resource-constrained buyers and sellers choose and refuse trade partners on the basis of continually updated expected payoffs. Partner selection takes place in accordance with a...
Persistent link: https://www.econbiz.de/10009443128
Persistent link: https://www.econbiz.de/10009452492
Overexploitation of coastal aquifers may lead to seawater intrusion, which irreversibly degrades groundwater. The seawater intrusion process may imply that its consequences would not be perceptible until after decades of accumulated overexploitation. In such a dynamic setting, static...
Persistent link: https://www.econbiz.de/10009442659
A major area of concern for sociologists and economists who study poverty and inequality is the financial well being of low-income individuals as measured by their opportunities to participate in what is considered the "mainstream financial market." Scholars suggest that a myriad of factors,...
Persistent link: https://www.econbiz.de/10009438451
The authors’ experiences with a new teaching approach in an introductory statistics course involving some 1200 first … teaching of statistics within a spreadsheet environment whereby students are, inter alia, required to master the basics of MS … exploring the statistical distributions of a number of pieces of information generated by the students. Teaching sessions are …
Persistent link: https://www.econbiz.de/10009441796
Industrial design graduates can be true ‘agents of change’ in manufacturing industry andnowhere is this potential more valuable than in Small and Medium-sized Enterprises (SMEs)where flexibility and speed of response are essential and which make up 94% of the UK economy.However, little...
Persistent link: https://www.econbiz.de/10009461161
trade. In Women’s Studies, another educator introduces students to active learning via academic readings and volunteer work … groups that work with women-owned cooperatives in Mexico and Nicaragua. By teaching nonviolence studies, this educator helps …’s Studies to initiate learning experiences in Central America that will enable the student organization “Engineers Beyond …
Persistent link: https://www.econbiz.de/10009464025
A concept of dynamic stability in infinitely repeated games with discounting is presented. For this purpose, one modification of the available theory is needed: we need to relax the assumption that the game starts in a given period. Under this new framework, we propose stable strategies such...
Persistent link: https://www.econbiz.de/10012530129
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
; changing the block form of teaching to a semester-based form; and having the Commonwealth recognise the new Masters program for … 50% increase in staff to stabilise teaching, a 400% increase in active PhD students, and industry projects to deliver an …
Persistent link: https://www.econbiz.de/10009434850