Showing 71 - 80 of 138
We consider lotteries with reimbursements. It turns out that without loss of generality it is enough analyze lotteries where the winner gets her expenses reimbursed. We find that such a lottery (Sad-Loser) has multiple pure-strategy equilibria. We describe all equilibria and discuss their...
Persistent link: https://www.econbiz.de/10005200526
Persistent link: https://www.econbiz.de/10005200540
This paper analyses an evolutionary version of the Public Good game of Eshel, Samuelson, and Shaked (1998) in which agents can choose between imitation and best-reply decision rules. We describe conditions under which altruistic and spiteful (maximizing) behavior arise: these conditions are...
Persistent link: https://www.econbiz.de/10005200547
Persistent link: https://www.econbiz.de/10005220033
We consider two-round elimination tournaments where players have fixed resources instead of cost functions. Two approaches are suggested. If the players have the same resources and a success function is stochastic, then players always spend more resources in the first than in the second round in...
Persistent link: https://www.econbiz.de/10005342250
Persistent link: https://www.econbiz.de/10005081498
We consider two-round elimination tournaments where players have fixed resources instead of cost functions. Two approaches are suggested. If the players have the same resources and a success function is stochastic, then players always spend more resources in the first than in the second round in...
Persistent link: https://www.econbiz.de/10005085466
Persistent link: https://www.econbiz.de/10005015350
We consider a Blotto game with Incomplete Information. A pure-strategy symmetric monotonic Bayesian equilibrium is found and its properties are discussed.
Persistent link: https://www.econbiz.de/10005023437
Persistent link: https://www.econbiz.de/10007390582