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Traditional game theory studies strategic interactions in which the agents make rational decisions. Evolutionary game theory differs in two key respects: the focus is on large populations of individuals who interact at random rather than on small numbers of players; and individuals are assumed...
Persistent link: https://www.econbiz.de/10014025453
Simple bargaining games are the foundation of more complex social interactions necessary for healthy relationships and well‐functioning societies. Neuroscience research has shown that high‐level deliberative thinking processes are necessary for social‐decision making - it seems cognitively...
Persistent link: https://www.econbiz.de/10011450381
We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached by players at the end of the bargaining process is the strategy profile that they will play in the original non-cooperative game. We analyze the subgame perfect equilibria of...
Persistent link: https://www.econbiz.de/10011316539
Using non-cooperative game theory the effects of mediation on the divorce rate and on the utility of the spouses are analysed. Two kinds of mediation are considered: restricted mediation that reduces the costs of divorce and extended mediation that additionally may prevent divorces by...
Persistent link: https://www.econbiz.de/10010341096
This paper extends the Baron-Ferejohn model of legislative bargaining to general weighted majority games with two modifications: first, payoff division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the coalition can break down, in which...
Persistent link: https://www.econbiz.de/10003675312
Data from three bargaining games - the Dictator Game, the Ultimatum Game, and the Third-Party Punishment Game - played in 15 societies are presented. The societies range from US undergraduates to Amazonian, Arctic, and African hunter-gatherers. Behaviour within the games varies markedly across...
Persistent link: https://www.econbiz.de/10014203011
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Chapter 1 Introduction -- Chapter 2 Basic theory of In 2 × 2 games (1 Non-linear dynamical system, 2 2×2 games, 3 Multi-players games) -- Chapter 3 Network reciprocity (1 Five fundamental mechanism to add social viscosity, 2 Substantial mechanism of network reciprocity, 3 Discrete, mixed and...
Persistent link: https://www.econbiz.de/10014018062
I study the evolutionary stability of 'mildly responsive' behavioural rules in a bargaining game. Individuals in a population (that may be finite or be described by individuals distributed uniformly over a continuum of fixed mass) bargain with all other individuals in a pair-wise manner over a...
Persistent link: https://www.econbiz.de/10012911403