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Consider any situation involving uncertainty, where the random variable of interest (e.g., payoff) is X. Let there exist a random variable, say Y, which represents the uncertainty intrinsic to the situation, and let there exist a function g such that X=g(Y). Our contention is that, once the...
Persistent link: https://www.econbiz.de/10012854222
A philosophical theory of explanation should provide solutions to a series of problems, both descriptive and normative. The aim of this essay is to establish the claim that this can be best done if one theorizes in terms of explanatory games rather than focusing on the explication of the concept...
Persistent link: https://www.econbiz.de/10012855505
In this paper I present an asymmetric version of the familiar public goods classroom experiment, in which some players are given more tokens to invest than others, and players collectively decide whether to divide the return to the group investment asymmetrically as well. The asymmetry between...
Persistent link: https://www.econbiz.de/10013059939
We examine ibn Ezra's procedure (Rabinovitch 1973; O'Neill 1982) historically used to solve the Rights Arbitration problem in the general framework of bankruptcy problems. When the greatest claim is larger than or equal to the estate, the procedure is a maximal game (Aumann 2010). However, when the...
Persistent link: https://www.econbiz.de/10013031630
We examine the Talmudic three wives problem, which is a generalization of the Talmudic contested garment problem solved by Aumann and Maschler (1985) using coalitional procedure. This problem has many practical applications. In an attempt to unify all Talmudic methods, Guiasu (2010, 2011)...
Persistent link: https://www.econbiz.de/10013031631
Disciplinary mobility occurs when researchers publish outside their disciplines of origin. It is an important mechanism of interdisciplinarity and knowledge transfer. Behavioral economics (BE) was founded by two psychologists, Daniel Kahneman and Amos Tversky, who used disciplinary mobility to...
Persistent link: https://www.econbiz.de/10013212972
A general framework is described specifying how boundedly rational decision makers generate their choices. Starting from a "Master Module"; which keeps an inventory of previously successful and unsuccessful routines several submodules can be called forth which either allow one to adjust behavior...
Persistent link: https://www.econbiz.de/10013321119
We consider two-player turn-based game arenas for which we investigate uniformity properties of strategies. These properties involve sets of plays in order to express useful constraints on strategies that are not μ-calculus definable. Typically, we can represent constraints on allowed...
Persistent link: https://www.econbiz.de/10011011331
We consider a game-theoretic model of counterproliferation, in which a single Incumbent (holding nuclear weapons) is faced with a sequence of potential Entrants (who are considering developing and deploying a nuclear capability or other weapons of mass destruction of their own). The Incumbent...
Persistent link: https://www.econbiz.de/10005081023
Carbon leakage and competitiveness concerns are some of the main reasons why an international environmental agreement is lacking to fight climate change. Many studies discussed the adoption of a border tax adjustment (BTA) to allow countries that would like to implement a carbon tax to level the...
Persistent link: https://www.econbiz.de/10010604659