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We suggest a test for discovering whether a potential expert is informed of the distribution of a stochastic process. In a non-Bayesian non-parametric setting, the expert is asked to make a prediction which is tested against a single realization of the stochastic process. It is shown that by...
Persistent link: https://www.econbiz.de/10003778858
We examine the consequences of vote buying, assuming this practice were allowed and free of stigma. Two parties competing in a binary election may purchase votes in a sequential bidding game via up-front binding payments and/or campaign promises (platforms) that are contingent upon the outcome...
Persistent link: https://www.econbiz.de/10003778860
We define and analyze a "strategic topology" on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a fixed game and action define the distance between a pair of types as the difference...
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We propose a method to test a prediction of the distribution of a stochastic process. In a non-Bayesian non-parametric setting, a predicted distribution is tested using a realization of the stochastic process. A test associates a set of realizations for each predicted distribution, on which the...
Persistent link: https://www.econbiz.de/10003780879
My own behavior baffles me. For I find myself not doing what I really want to do but doing what I really loathe.ʺ Saint Paul What behavior can be explained using the hypothesis that the agent faces temptation but is otherwise a standard rational agentʺ? In earlier work, GulPesendorfer [2001]...
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We examine the consequences of lobbying and vote buying, assuming this practice were allowed and free of stigma. Two .lobbyists. compete for the votes of legislators by oÞering up-front payments to the legislators in exchange for their votes. We analyze how the lobbyists.budget constraints and...
Persistent link: https://www.econbiz.de/10003781436