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decisions which businesses in ASEAN will have to face in a highly competitive environment under uncertain growth conditions, by …
Persistent link: https://www.econbiz.de/10013061529
implemented in a computer simulation in the NetLogo environment. The paper describers, in details, calibration, verification …
Persistent link: https://www.econbiz.de/10013290870
limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …
Persistent link: https://www.econbiz.de/10013056291
limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …
Persistent link: https://www.econbiz.de/10014171317
We compare behavior in modified dictator games with and without role uncertainty. Subjects choose between a selfish …). While costly surplus creating actions are most frequent under role uncertainty (64%), selfish actions become most frequent … without role uncertainty (69%). Also, the frequency of surplus destroying choices is negligible with role uncertainty (1%) but …
Persistent link: https://www.econbiz.de/10013158398
I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …
Persistent link: https://www.econbiz.de/10012895797
We test whether deviations from Nash equilibrium in rent-seeking contests can be explained by the slow convergence of payoff-based learning. We identify and eliminate two sources of noise that slow down learning. The first source of noise is present because each action is evaluated against a...
Persistent link: https://www.econbiz.de/10012869714
I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that...
Persistent link: https://www.econbiz.de/10012307876
I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …
Persistent link: https://www.econbiz.de/10011946016
all players are averse to uncertainty (i.e., all the functionals are quasi--concave). We further show that if the …
Persistent link: https://www.econbiz.de/10014217141