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In a beauty contest experiment with over 6,000 chess players, ranked from amateur to world class, we found that Grandmasters act very similar to other humans. This even holds true when they play exclusively against players of approximately their own strength. In line with psychological research...
Persistent link: https://www.econbiz.de/10003973734
Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …
Persistent link: https://www.econbiz.de/10011327822
Dictator Game. Previous research has mainly focused on two-player games; the workings of social motives in multiplayer Dictator … Games are less well understood. A core feature of multiplayer games is that players can consider inequalities between others …. Thus, to adequately capture social motives in multiplayer games, models should account for the complexities of the …
Persistent link: https://www.econbiz.de/10011453311
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actions in games, based on a structural econo- metric model of non-equilibrium behavior in games. The model is based pri …-player guessing games. The application illustrates the empirical relevance of the main features of the model. …
Persistent link: https://www.econbiz.de/10011884420
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Stochastic games model repeated play with symmetric information. We analyze their value in the zero-sum case, and …
Persistent link: https://www.econbiz.de/10014024498
-market entry games. More generally, the algorithm facilitates simulated maximum likelihood (SML) estimation of games with large … numbers of players, T, and/or many binary actions per player, M (e.g., games with tens of thousands of strategic actions, TM …
Persistent link: https://www.econbiz.de/10014316766
We provide characterizations of convex games and total clan games by using properties of their corresponding marginal … games. As it turns out, a cooperative game is convex if and only if all its marginal games are superadditive, and a … C) if and only if all its C-based marginal games are subadditive. -- Characterization ; Convex games ; Marginal games …
Persistent link: https://www.econbiz.de/10003731642
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a generalization of pairwise stability, chain stability, can always be satisfied as long as agents’ preferences satisfy same side substitutability and cross side complementarity....
Persistent link: https://www.econbiz.de/10003950989