Showing 1 - 10 of 1,789
We characterize the class of symmetric two-player games in which tit-for-tat cannot be beaten even by very sophisticated opponents in a repeated game. It turns out to be the class of exact potential games. More generally, there is a class of simple imitation rules that includes tit-for-tat but...
Persistent link: https://www.econbiz.de/10009743040
prevalent in people with high cognitive ability. Loss-tolerant individuals are more likely to report recent gambling and to have …We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population … (combined N = 3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative …
Persistent link: https://www.econbiz.de/10013284901
Persistent link: https://www.econbiz.de/10009260762
Persistent link: https://www.econbiz.de/10001753100
Persistent link: https://www.econbiz.de/10002536263
Persistent link: https://www.econbiz.de/10009406354
Persistent link: https://www.econbiz.de/10009751034
Persistent link: https://www.econbiz.de/10008858348
Persistent link: https://www.econbiz.de/10008907791
Persistent link: https://www.econbiz.de/10009515177