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In (Viossat, 2006, "The replicator dynamics does not lead to correlated equilibria", forthcoming in Games and Economic Behavior), it was shown that the replicator dynamics may eliminate all pure strategies used in correlated equilibrium, so that only strategies that do not take part in any...
Persistent link: https://www.econbiz.de/10003327803
A pure strategy is coherent if it is played with positive probability in at least one correlated equilibrium. A game is pre-tight if in every correlated equilibrium, all incentives constraints for non deviating to a coherent strategy are tight. We show that there exists a Nash equilibrium in the...
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This paper presents an equilibrium model in a pure exchange economy when investors have three possible sources of heterogeneity. Investors may differ in their beliefs, in their level of risk aversion and in their time preference rate. We study the impact of investors heterogeneity on the...
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The so-called "gender-equality paradox" is the fact that gender segregation across occupations is more pronounced in more egalitarian and more developed countries. Some scholars have explained this paradox by the existence of deeply rooted or intrinsic gender differences in preferences that...
Persistent link: https://www.econbiz.de/10012322171
Gender differences in math performance are now small in developed countries and they cannot explain on their own the strong under-representation of women in math-related fields. This latter result is however no longer true once gender differences in reading performance are also taken into...
Persistent link: https://www.econbiz.de/10012057313
While gender gaps in average math performance are close to zero in developed countries, women are still strongly underrepresented among math high performers. Using data from five successive waves of the Programme for International Student Assessment (PISA), we show that this underrepresentation...
Persistent link: https://www.econbiz.de/10012026099