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But Some Neutrally Stable Strategies are More Neutrally Stable than Others

van Veelen, Matthijs - 2010

For games in which there is no evolutionarily stable strategy, it can be useful to look for neutrally stable ones. In extensive form games for instance there is typically no evolutionary stable strategy, while there may very well be a neutrally stable one. Such strategies can however still be...

Persistent link: https://www.econbiz.de/10010326038

Herding and bank runs

Gu, Chao - 2007

Traditional models of bank runs do not allow for herding effects, because in these models withdrawal decisions are assumed to be made simultaneously. I extend the banking model to allow a depositor to choose his withdrawal time. When he withdraws depends on his liquidity type (patient or...

Persistent link: https://www.econbiz.de/10010292061

Pay for percentile

Barlevy, Gadi; Neal, Derek - 2009

We propose an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions our scheme induces teachers to allocate socially optimal levels of effort to all students....

Persistent link: https://www.econbiz.de/10010292092

Trees and decisions

Alós-Ferrer, Carlos; Ritzberger, Klaus - 2003

not a domain for decision theory. Decision theory perceives of acts as functions from states to consequences. Sequential …

Persistent link: https://www.econbiz.de/10010292783

Should WTO dispute settlement be subsidized?

Wilckens, Sebastian - 2007

This paper develops a model of the WTO dispute settlement process (DSP) to study the recent proposal by legal scholars to subsidize litigation costs. The high cost of litigation, so the argument, is a major obstacle for developing countries to using the DSP to enforce developed countries?...

Persistent link: https://www.econbiz.de/10010296268

Nomination contests: theory and empirical evidence from professional soccer

Miklós-Thal, Jeanine; Ullrich, Hannes - 2009

This paper develops a theory of contests based on perceived abilities, and provides evidence for the predictions of … this theory using panel data from professional soccer. We examine how soccer players perform in club matches during the … significant effect. We also find support for the theory that players whose nomination is close to certain reduce their effort in …

Persistent link: https://www.econbiz.de/10010298810

Should WTO dispute settlement be subsidized?

Wilckens, Sebastian - 2007

Persistent link: https://www.econbiz.de/10010300162

Too Few Cooks Spoil the Broth: Division of Labour and Directed Production

Ratto, Marisa; Schnedler, Wendelin - 2008

How can a manager influence workers' activity while knowing little about it? This paper examines a situation where production requires several tasks, and the manager wants to direct production to achieve a preferred allocation of effort across tasks. However, the effort that is required for each...

Persistent link: https://www.econbiz.de/10011422178

On Finding Curb Sets in Extensive Games

Pruzhansky, Vitaly - 2003

We characterize strategy sets that are closed under rational behavior (curb) in extensive games of perfect information and finite horizon. It is shown that any such game possesses only one minimal curb set, which necessarily includes all its subgame perfect Nash equilibria. Applications of this...

Persistent link: https://www.econbiz.de/10010324747

Sabotage in dynamic tournaments

Gürtler, Oliver; Münster, Johannes - 2009

This paper studies sabotage in a dynamic tournament. Three players compete in two rounds. In the final round, a player who is leading in the race, but not yet beyond the reach of his competitors, gets sabotaged more heavily. As a consequence, if players are at the same position initially, they...

Persistent link: https://www.econbiz.de/10010333728

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