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We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...
Persistent link: https://www.econbiz.de/10012041125
We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...
Persistent link: https://www.econbiz.de/10010519870
Games with multiple Nash equilibria are believed to be easier to play if players can communicate. We present a simple model of communication in games and investigate the importance of when communication takes place. Sending a message before play captures talk about intentions, after play...
Persistent link: https://www.econbiz.de/10010200432
Persistent link: https://www.econbiz.de/10011538997
It is commonly assumed that friendship should decrease strategic uncertainty in games involving tacit coordination …. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …
Persistent link: https://www.econbiz.de/10011660682
Persistent link: https://www.econbiz.de/10012168835
appears to be ineffective in overcoming coordination challenges. …
Persistent link: https://www.econbiz.de/10011713674
Persistent link: https://www.econbiz.de/10011758818
In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can … are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
Persistent link: https://www.econbiz.de/10011515836
. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …. Friendship thus appears to have a very different impact on coordination games involving strategic complements and substitutes. We …
Persistent link: https://www.econbiz.de/10011817934