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Nested identification of subjective probabilities

Dreze, Jacques H. - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 259-271

The theory of games against nature relies on complete preferences among all conceivable acts (case 1). Aumann and Drèze …

Persistent link: https://www.econbiz.de/10010317103

Least Unmatched Price Auctions: A First Approach

Eichberger, Jürgen; Vinogradov, Dmitri - 2008

Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...

Persistent link: https://www.econbiz.de/10011422186

Perfection and Stability of Stationary Points with Applications to Noncooperative Games

van der Laan, Gerard; Talman, Dolf; Yang, Zaifu - 2002

Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …

Persistent link: https://www.econbiz.de/10010324999

Evolution, Rationality and Equilibrium in Games

Weibull, Jörgen W. - 1997

evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented in …

Persistent link: https://www.econbiz.de/10010335048

A classroom game to teach the principles of money and banking

Hoffer, Adam - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-13

This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...

Persistent link: https://www.econbiz.de/10011559177

International environmental agreements: Incentives and political economy

Carraro, Carlo; Siniscalco, Domenico - 1997

International environmental agreements are increasingly important in a globalised economy. Beyond their specific interest, these agreements are also important in the context of coalition formation theory. Given the incentives to free ride, associated to the environment as a public good and to...

Persistent link: https://www.econbiz.de/10011608368

An empirical model of non-equilibrium behavior in games

Kline, Brendan - In: Quantitative Economics 9 (2018) 1, pp. 141-181

actions in games, based on a structural econo- metric model of non-equilibrium behavior in games. The model is based pri …-player guessing games. The application illustrates the empirical relevance of the main features of the model. …

Persistent link: https://www.econbiz.de/10011995514

"Lootboxes" in digital games - A gamble with consumers in need of regulation? An evaluation based on learnings from Japan

Koeder, Marco Josef; Tanaka, Ema; Mitomo, Hitoshi - 2018

probability could be a key issue while for full price games the issue lies more in a lack of transparency of the business model … games to acquire virtual items and to help monetize these games. These Lootboxes have created several negative reactions and … calls for regulation because if their gambling like elements. Japan had similar mechanics in games for a long time called …

Persistent link: https://www.econbiz.de/10011944686

The value of virtual assets: The role of game characters in MMOGs

Manninen, Tony; Kujanpää, Tomi - In: International Journal of Business Science & Applied … 2 (2007) 1, pp. 21-33

components of play that provide added-value to the players? The evolution of Massively Multiplayer Online Games (MMOGs) has been …

Persistent link: https://www.econbiz.de/10011946274

Are strategies anchored?

Ivanova-Stenzel, Radosveta; Seres, Gyula - 2019

Anchoring is one of the most studied and robust behavioral biases, but there is little knowledge about its persistence in strategic settings. This article studies the role of anchoring bias in private-value auctions. We test experimentally two different anchor types. The announcement of a random...

Persistent link: https://www.econbiz.de/10012290342