Showing 1 - 10 of 548
Selfish, strategic players may benefit from cooperation, provided they reach agreement. It is therefore important to … construct mechanisms that facilitate such cooperation, especially in the case of asymmetric private information. The two major …
Persistent link: https://www.econbiz.de/10008665710
The Hart-and-Mas-Colell bargaining model [Hart and Mas-Colell (2010). “Bargaining and Cooperation in Strategic Form …
Persistent link: https://www.econbiz.de/10013066306
We study von Neumann Morgenstern stable sets for one-to-one matching problems under the assumption of coalitional sovereignty, meaning that a deviating coalition of players does not have the power to arrange the matches of agents outside the coalition. We study both the case of pairwise and...
Persistent link: https://www.econbiz.de/10012989559
We adopt the notion of von Neumann-Morgenstern (vNM) farsightedly stable sets to determine which matchings are possibly stable when agents are farsighted in one-to-one matching problems. We provide the characterization of vNM farsightedly stable sets: a set of matchings is a vNM farsightedly...
Persistent link: https://www.econbiz.de/10011691082
We calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner's dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, and cooperators are able to perfectly find out the type of a...
Persistent link: https://www.econbiz.de/10009725484
What is the role of intuitive versus deliberative cognitive processing in human cooperation? The Social Heuristics …-maximizing), and that for most people cooperation is typically advantageous due to mechanisms such as repetition, reputation, and …, the SHH predicts that in the context of pure cooperation – where non-cooperation is strictly payoff – maximizing …
Persistent link: https://www.econbiz.de/10012870482
during the early stages of matches is typically superseded by non-cooperation during the latter stages. The propensity for …
Persistent link: https://www.econbiz.de/10012870686
material payoff. Cooperative behavior when non-cooperation is a dominant strategy (with respect to the material payoffs) is … particularly puzzling. Here we propose a novel approach to explain cooperation, assuming what Halpern and Pass (2013) call …
Persistent link: https://www.econbiz.de/10014141574
generally ruled out in models of reciprocal altruism, completely undermines cooperation under repeated interactions, which …Repeated interactions provide a prominent but paradoxical hypothesis for human cooperation in one-shot interactions … mechanism reliably supports the evolution of cooperation when actions vary continuously. Ambiguous reciprocity, a strategy …
Persistent link: https://www.econbiz.de/10013465492
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value provides an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats against...
Persistent link: https://www.econbiz.de/10013242612