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Discovery and Equilibrium in Games with Unawareness

Schipper, Burkhard - 2021

Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are ''self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …

Persistent link: https://www.econbiz.de/10012655887

Discovery and equilibrium in games with unawareness

Schipper, Burkhard - 2021

Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are "self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …

Persistent link: https://www.econbiz.de/10012509154

Voluntary industry standards: An experimental investigation of a Greek gift

Schmid, Julia - 2015

One reason for firms to voluntarily increase their environmental or social production standards is to prevent consumers from lobbying for stricter mandatory standards. In this sense, voluntary overcompliance serves as a Greek gift, as consumers might be worse off in the end. Strategically, a...

Persistent link: https://www.econbiz.de/10011327885

Supermodular mechanism design

Mathevet, Laurent A. - In: Theoretical Economics 5 (2010) 3, pp. 403-443

This paper introduces a mechanism design approach that allows dealing with the multiple equilibrium problem, using mechanisms that are robust to bounded rationality. This approach is a tool for constructing supermodular mechanisms, i.e. mechanisms that induce games with strategic...

Persistent link: https://www.econbiz.de/10011599433

Dynamics of information exchange in endogenous social networks

Bimpikis, Kostas; Ozdaglar, Asuman; Acemoglu, Daron - In: Theoretical Economics 9 (2014) 1, pp. 41-97

We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An \textit{underlying state} determines payoffs from different actions. Agents decide which others to form a costly \textit{communication link} with,...

Persistent link: https://www.econbiz.de/10011599505

Signaling without common prior: An experiment

Drouvelis, Michalis; Müller, Wieland; Possajennikov, Alex - 2009

The common prior assumption is pervasive in game-theoretic models with incomplete information. This paper investigates experimentally the importance of inducing a common prior in a two-person signaling game. For a specific probability distribution of the sender's type, the long-run behavior...

Persistent link: https://www.econbiz.de/10010277488

Public statistics and private experience: Varying feedback information in a take-or-pass game

Danz, David Nils; Huck, Steffen; Jehiel, Philippe - 2015

We study how subjects in an experiment use different forms of public information about their opponents' past behavior. In the absence of public information, subjects appear to use rather detailed statistics summarizing their private experiences. If they have additional public information, they...

Persistent link: https://www.econbiz.de/10011437972

Dynamics of strategic information transmission in social networks

Förster, Manuel - In: Theoretical Economics 14 (2019) 1, pp. 253-295

We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately informed agents have different preferences about the action to be implemented by each agent and repeatedly communicate with their neighbors in the network. We first characterize...

Persistent link: https://www.econbiz.de/10012215318

Uncertainty-driven cooperation

Cetemen, Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical Economics 15 (2020) 3, pp. 1023-1058

We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...

Persistent link: https://www.econbiz.de/10013189023

Estimating case-based learning

Guilfoos, Todd; Pape, Andreas D. - In: Games 11 (2020) 3, pp. 1-25

We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information available to the experimental subjects in a simple,...

Persistent link: https://www.econbiz.de/10013200036

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