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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
The study explores the evolution of decision strategies and the emergence of cooperation in simulated societies. In the context of an inter-group conflict, we simulate three different institutions for the aggregation of attitudes. We assume that: (a) the conflict can be modeled as an iterated...
Persistent link: https://www.econbiz.de/10005518653
This paper describes a study of the robustness of cooperative conventions. We observe the effect of the invasion of non-cooperating subjects into a community adopting a cooperative convention. The convention is described by an indefinitely repeated prisoner-dilemma game. We check the effects on...
Persistent link: https://www.econbiz.de/10005481582
This paper is an introduction to agent-based simulation using the Python programming language. The core objective of the paper is to enable students, teachers, and researchers immediately to begin social-science simulation projects in a general purpose programming language. This objective is...
Persistent link: https://www.econbiz.de/10005481591
While talk is cheap to some, it is expensive to others for whom moral considerations come into play. We employ a simple two-stage modified prisoner's dilemma game where integrity is endowed on a continuum to analyze when agents will lie in random economic interactions. If there is sufficient...
Persistent link: https://www.econbiz.de/10005482947
This paper models the dynamic process through which a large society may succeed in building up its “social capital” by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner’s...
Persistent link: https://www.econbiz.de/10005423105
We find that contrary to common perception, cooperation as equilibrium of the infinitely repeated discounted prisoner's dilemma is in many relevant cases not very plausible, or at least questionable: for a significant subset of the payoff-discount factor parameter space cooperation equilibria...
Persistent link: https://www.econbiz.de/10005423790