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Recent work highlights that cooperation in the one-shot Prisoner's dilemma (PD) is primarily driven by moral preferences for doing the right thing, rather than social preferences for equity or efficiency. By contrast, little is known on what motivates cooperation in the Stag-Hunt Game (SHG)....
Persistent link: https://www.econbiz.de/10012864968
Understanding whether preferences are sensitive to the frame has been a major topic of debate in the last decades. For example, several works have explored whether the dictator game in the give frame gives rise to a different rate of pro-sociality than the same game in the take frame, leading to...
Persistent link: https://www.econbiz.de/10014113704
In the Ultimatum Game (UG) one player, named “proposer”, has to decide how to allocate a certain amount of money between herself and a “responder”. If the offer is greater than or equal to the responder’s minimum acceptable offer (MAO), then the money is split as proposed, otherwise,...
Persistent link: https://www.econbiz.de/10014114958
We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition structures are possibly stable when players are farsighted. We also introduce a refinement, the largest cautious consistent set, based on the assumption that players are...
Persistent link: https://www.econbiz.de/10011325075
We propose a class of sharing schemes for the distribution of the gains from cooperation for coalition games with externalities. In the context of the partition function, it is shown that any member of this class of sharing schemes leads to the same set of stable coalitions in the sense of...
Persistent link: https://www.econbiz.de/10010312413
Selfish, strategic players may benefit from cooperation, provided they reach agreement. It is therefore important to construct mechanisms that facilitate such cooperation, especially in the case of asymmetric private information. The two major issues are: (1) singling out a fair and efficient...
Persistent link: https://www.econbiz.de/10008665710
We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...
Persistent link: https://www.econbiz.de/10008799165
Das fundamentale Werk von John von Neumann und Oskar Morgenstern (1944) hat die Spieltheorie als Gebiet begründet. Es gab zwar vorher schon den in deutscher Sprache veröffentlichen Beitrag von John Neumann (1928) Zur Theorie der Gesellschaftsspiele, aber erst mit dem Buch aus dem Jahre 1944...
Persistent link: https://www.econbiz.de/10011539639
We introduce the concepts of joint games and compatibility. In a joint game, members of the grand coalition have the option to split and maximize their total worths, over different games. In order to determine whether the grand coalition will remain intact, we introduce the notion of...
Persistent link: https://www.econbiz.de/10013066014
A new feature pertaining to proposer's ability to implement offers is introduced in the extensive form bargaining mechanism studied in Chatterjee et. al. (1993). This mechanism is used to analyze two classes of coalitional games with transferable utility. One class is that of strictly...
Persistent link: https://www.econbiz.de/10012963352