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Believing when credible : talking about future intentions and past actions
Schlag, Karl H.; Vida, Péter - In: International journal of game theory 50 (2021) 4, pp. 867-889
Persistent link: https://www.econbiz.de/10012665408
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Communication, commitment, and deception in social dilemmas : experimental evidence
Camera, Gabriele; Casari, Marco; Bigoni, Maria - 2011
Social norms of cooperation are studied under several forms of communication. In an experiment, strangers could make … equilibria. Communication could be used as a tool to either signal intentions to coordinate on Pareto-superior outcomes, to … deceive others, or to credibly commit to actions. Some forms of communication did not promote the incidence of efficient Nash …
Persistent link: https://www.econbiz.de/10011737254
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Communication, Commitment, and Deception in Social Dilemmas : Experimental Evidence
Camera, Gabriele; Casari, Marco; Bigoni, Maria - 2011
Social norms of cooperation are studied under several forms of communication. In an experiment, strangers could make … equilibria. Communication could be used as a tool to either signal intentions to coordinate on Pareto-superior outcomes, to … deceive others, or to credibly commit to actions. Some forms of communication did not promote the incidence of efficient Nash …
Persistent link: https://www.econbiz.de/10014181717
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Empowerment of social norms on water consumption
Pedehour, Pauline; Richefort, Lionel - 2021
This study develops a model of water extraction with endogenous social norms. Many users are connected by a unique shared resource that can become scarce in case of over-exploitation. Preferences of individuals are guided by their extraction values and their taste for conformity to social norms...
Persistent link: https://www.econbiz.de/10012596988
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The differential impact of friendship on cooperative and competitive coordination
Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2020
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption has never been tested across two opposite poles of coordination involving either strategic complementarity or substitutability. We had participants interact with friends or...
Persistent link: https://www.econbiz.de/10012215990
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Friends or strangers? : strategic uncertainty and coordination across experimental games of strategic complements and substitutes
Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2018
It is commonly assumed that friendship should generally benefit agents' ability to tacitly coordinate with others. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study in which...
Persistent link: https://www.econbiz.de/10011817934
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Bayesian games with unawareness and unawareness perfection
Meier, Martin; Schipper, Burkhard - 2013
Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2013a), we develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and restricted from higher to lower...
Persistent link: https://www.econbiz.de/10010240317
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Unawareness, beliefs and games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010365853
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Back to the future : economic rationality and maximum entropy prediction
Barde, Sylvain - 2012
An information-theoretic thought experiment is developed to clarify why the maximum entropy methodology is appropriate for predicting the equilibrium state of economic systems. As a first step, object allocation problems, modeled as knapsack problems, are shown to be equivalent to congestion...
Persistent link: https://www.econbiz.de/10009532152
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Brexit, Trump and the Nash Trap. A Loss of Trust
Rooney, Greg - 2017
The U.K.'s decision to leave the EU and the voting in of the protectionist Donald Trump to the US presidency has drawn both the UK and the USA into the Nash Trap.U.S. mathematician John Nash (the movie ‘A Beautiful Mind') postulated that Adam Smith's declaration that ‘In competition,...
Persistent link: https://www.econbiz.de/10012959184