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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

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

Communication, Commitment, and Deception in Social Dilemmas : Experimental Evidence

Camera, Gabriele; Casari, Marco; Bigoni, Maria - 2011

Persistent link: https://www.econbiz.de/10014181717

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

Implementation and Renegotiation

Maskin, Eric - 2008

Persistent link: https://www.econbiz.de/10012771115

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

Quantum-like modelling in game theory : quo vadis? : a brief review

Patra, Sudip; Ghose, Partha - In: Asian journal of economics and banking : AJEB 4 (2020) 3, pp. 49-66

Purpose - The current paper is a brief review of the emerging field of quantum-like modelling in game theory. This paper aims to explore several quantum games, which are superior compared to their classical counterparts, which means either they give rise to superior Nash equilibria or they make...

Persistent link: https://www.econbiz.de/10012514899

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

Policy Gradient Methods Find the Nash Equilibrium in N-player General-sum Linear-quadratic Games

Hambly, Ben M.; Xu, Renyuan; Yang, Huining - 2021

We consider a general-sum N-player linear-quadratic game with stochastic dynamics over a finite horizon and prove the global convergence of the natural policy gradient method to the Nash equilibrium. In order to prove convergence of the method we require a certain amount of noise in the system....

Persistent link: https://www.econbiz.de/10013217478

Wishful Thinking in Strategic Environments

Yildiz, Muhamet - 2004

Towards developing a theory of systematic biases about strategies, I analyze strategic implications of a particular bias: wishful thinking about the strategies. Considering canonical state spaces for strategic uncertainty, I identify a player as a wishful thinker at a state if she hopes to enjoy...

Persistent link: https://www.econbiz.de/10014069913