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The objective of the third edition of <i>Game Theory: A Nontechnical Introduction to the Analysis of Strategy</i> is to … introduce the ideas of game theory in a way that is approachable, intuitive, and interdisciplinary. Relying on the Karplus …</li> <li>Three-Person Games</li> <li>Probability and Game Theory</li> <li>Mixed Strategy Nash Equilibria</li> <li …
Persistent link: https://www.econbiz.de/10011156401
There are several theoretical frameworks one can draw upon to study the adoption process. Extension Theory, Bounded … Rationality, Diffusion Theory, the Theory of Reasoned Action and Consumer Behaviour Theory were of particular interest to us. In …
Persistent link: https://www.econbiz.de/10008802827
for the cross- sections of consumption, wealth and income. …
Persistent link: https://www.econbiz.de/10005450546
Mit Blick auf die Funktionslogik moderner Wirtschaftsgesellschaften zielt Karl Homanns Ansatz einer „oekonomischen Ethik“ auf die Rekonstruktion der Moral „in terms of economics“, um so moralische Forderungen direkt in die Funktionslogik der Oekonomie integrieren zu koennen. Moral, so...
Persistent link: https://www.econbiz.de/10008836349
Persistent link: https://www.econbiz.de/10005709898
A distributed system model is studied, where individual agents play repeatedly against each other and change their strategies based upon previous play. It is shown how to model this environment in terms of continuous population densities of agent types. A complication arises because the...
Persistent link: https://www.econbiz.de/10005764224
in wealth, which form a system similar to the reaction-diffusion type. We determine conditions for stable zones of …
Persistent link: https://www.econbiz.de/10005764248
We examine the effect of unilateral and mutual partner selection in the context of prisoner's dilemmas experimentally. Subjects play simultaneously several finitely repeated two-person prisoner's dilemma games. We find that unilateral choice is the best system. It leads to low defection and...
Persistent link: https://www.econbiz.de/10005772080
Vlaev and Chater (2006) demonstrated that the cooperativeness of previously seen prisoner's dilemma games biases choices and predictions in the current game. These effects were: a) assimilation to the mean cooperativeness of the played games caused by action reinforcement, and b) perceptual...
Persistent link: https://www.econbiz.de/10005773057
symmetric Nash equilibrium in which wealth earned is lower and the volatility of prices is higher than in the hypothetical case … in which all agents rely only on fundamental rules. Our explanation of this lower wealth and higher volatility is that …
Persistent link: https://www.econbiz.de/10005790614