One way to express bounded rationality of a player in a game theoretic models is by specifying a set of feasible strategies for that player. In dynamic game models with finite automata and bounded recall strategies, for example, feasibility of strategies is determined via certain complexity...

We consider a simple dynamic “collective reputation” model of a market for an experience good into which we introduce imperfect quality inspections. In each period two markets operate: a prime market for sellers with a good reputation, and a regular market for all other sellers. In every...

We provide Game-theoretic analysis of the arrival process to a multi-serve r system with a limited queue buffer, which admits customers only during a finite time interval. A customer who arrives at a full system is blocked and do es not receive service. Customers can choose their arrival times...

Biases such as the preference of a particular response for no obvious reason, are an integral part of psychophysics. Such biases have been reported in the common two-alternative forced choice (2AFC) experiments, where participants are instructed to compare two consecutively presented stimuli....

Drawing intuition from a (physical) hydraulic system, we present a novel framework, constructively showing the existence of a strong Nash equilibrium in resource selection games with nonatomic players, the coincidence of strong equilibria and Nash equilibria in such games, and the invariance of...

We performed controlled experiments of human participants in a continuous sequence of ad auctions, similar to those used by Internet companies. The goal of the research was to understand users' strategies in making bids. We studied the behavior under two auction types: (1) the Generalized...

Many disputes involve conflicts of rights. A common view is that rights cannot really be in conflict so one of those being claimed must be a mistake. This idea leads to extreme outcomes that cut some parties out. Many studies have investigated how to choose a compromise among rights but they...

We consider a memoryless unobservable single-server queue where customers are homogeneous with respect to their reward (due to service completion) and with respect to their cost per unit of time of waiting. Left to themselves, it is well known that in equilibrium they will join the queue at a...

We present an example of a discounted stochastic game with a continuum of states, finitely many players and actions, and deterministic transitions, that possesses no measurable stationary equilibria, or even stationary approximate equilibria. The example is robust to perturbations of the...

Negative results on the the existence of Bayesian equilibria when state spaces have the cardinality of the continuum have been attained in recent years. This has led to the natural question: are there conditions that characterise when Bayesian games over continuum state spaces have measurable...