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We propose a theory of the interaction between knowledge and games. Epistemic game theory is of course a well … which other agents have and thereby affecting their actions. We concentrate on games of incomplete or imperfect information …, and study how conservative, moderate, or aggressive players might play such games. We provide models for the behavior of a …
Persistent link: https://www.econbiz.de/10011011327
We study the problem of going public in the presence of moral hazard, adverse selection and multiple trading periods. In the multiperiod game managers strategically choose the level of extraction of private benefits and can develop a good reputation for expropriating low levels of private...
Persistent link: https://www.econbiz.de/10005245337
differ. Power indices are a value concept for majority voting games which provide a means of analyzing this difference. This …
Persistent link: https://www.econbiz.de/10005368542
Persistent link: https://www.econbiz.de/10005345441
We model the trading possibilities of one seller and n potential buyers as a strategic game, which extends the two-person sealed-bid double auction. We introduce particular communication equilibria for this game, the self-fulfilling equilibria. In the case of arbitrary informational...
Persistent link: https://www.econbiz.de/10005775614
This paper examines some consequences of the assumption that individuals constrain morally their behaviour in games in … general and in games of voluntary provision of public good in particular. Moral behaviour is defined in terms of a maxim which …
Persistent link: https://www.econbiz.de/10005775625
We use the framework of random matching games and develop a two society model to analyze the interaction of societies … with different social norms. Each agent repeatedly faces two different coordination games. A social norm of a society is a …
Persistent link: https://www.econbiz.de/10005780318
In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its … Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of …
Persistent link: https://www.econbiz.de/10004973232
We test competing explanations for contributions in social dilemma games. Hypotheses are classified in two ways : bgy …
Persistent link: https://www.econbiz.de/10005168466
This paper examines the effects of strategic delegation in a simple ultimatum game experiment. Our main concern is to examine the effect of delegation on the way players think about the game and how the play it.
Persistent link: https://www.econbiz.de/10005675373