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A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an …
Persistent link: https://www.econbiz.de/10012227698
A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an …
Persistent link: https://www.econbiz.de/10011891195
This paper reviews the literature on culture and economics, focusing primarily on the epidemiological approach. The epidemiological approach studies the variation in outcomes across different immigrant groups residing in the same country. Immigrants presumably differ in their cultures but share...
Persistent link: https://www.econbiz.de/10014025692
Empirically, the commons are not as tragic as standard theory predicts. The predominant explanation for this finding is conditional cooperation. Yet many real life situations involve insiders, who are directly affected by a dilemma, and outsiders, who may be harmed if the insiders overcome the...
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the theoretical predictions, beliefs about discrimination are a significant correlate of self-employment rates, as well as …We introduce coordination failures driven by beliefs regarding the presence of taste discriminators as a channel of … discrimination in productive activities requiring the input of multiple agents. We show that discrimination can persist under …
Persistent link: https://www.econbiz.de/10011967389