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In a society composed of citizens and a dictator: what are the conditions for a successful citizens' revolt? What kind of strategies do governments follow to prevent such revolts? In this paper we argue that the concept of networks is a very powerful tool to understand these issues, as shown...
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. Iterative admissibility also provides predictions for every finite level of reasoning about rationality. Overall we observe …
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We fuse a social dilemma game and a game pitting the group against nature, where the group's probability of avoiding disaster depends on the resources it raises from members. The result is the Nederlander-Prisoner's Dilemma Game where the cost of failure is equally shared. We introduce the...
Persistent link: https://www.econbiz.de/10009773105
This study examines how each player chooses her/his optimal action in "normal-form games with unawareness" by applying a "discovery process" to them. We show that if each player implements a best response to the opponents' immediately preceding plays, then any discovery process converges to a...
Persistent link: https://www.econbiz.de/10013237214
The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...
Persistent link: https://www.econbiz.de/10014181014
Level-k thinking and Cognitive Hierarchy have been widely applied as a normalform solution concept in behavioral and experimental game theory. We consider the extension of level-k thinking to extensive-form games. Player's may learn about levels of opponents' thinking during the play of the game...
Persistent link: https://www.econbiz.de/10013350881
Informal exchange of information among competitors has been well-documented in a variety of industries, and one's expectation of reciprocity shown to be a key determinant. We use an indeterminate horizon centipede game to establish a feedback loop in the laboratory and show that an individual's...
Persistent link: https://www.econbiz.de/10012904384
Informal exchange of information among competitors has been well-documented in a variety of industries, and one's expectation of reciprocity shown to be a key determinant. We use an indeterminate horizon centipede game to establish a feedback loop in the laboratory and show that an individual's...
Persistent link: https://www.econbiz.de/10012863681