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form (with that normal form). Thus, properness requires optimality along a sequence of suppol ting trembles, while …
Persistent link: https://www.econbiz.de/10005417210
, preferences over contracts typically display indifferences. The Qualitative Vickrey Auction (QVA) selects the best contract for …
Persistent link: https://www.econbiz.de/10010785192
Persistent link: https://www.econbiz.de/10012807561
version of Crawford and Sobel's (1982) model but with costly signaling and finite type sets, where standard refinements have …
Persistent link: https://www.econbiz.de/10005824601
A simple symmetric 2 „e 2 strategic coordination game is analyzed in an evolutionary environment under the assumption that agents are able to condition their actions on observations made of the opponent. Agents are assumed to be associated with a profile of characteristics, of which all agents...
Persistent link: https://www.econbiz.de/10005419346
This paper provides deterministic approximation results for stochastic processes that arise when finite populations recurrently play finite games. The deterministic approximation is defined in continuous time as a system of ordinary differential equations of the type studied in evolutionary game...
Persistent link: https://www.econbiz.de/10005419542
We prove the existence of a trembling-hand perfect equilibrium within a class of compact, metric, and possibly discontinuous games. Our conditions for existence are easily verified in a variety of economic games.
Persistent link: https://www.econbiz.de/10009203556
Two independent, but related, choice prediction competitions are organized that focus on behavior in simple two-person extensive form games (http://sites.google.com/site/extformpredcomp/): one focuses on predicting the choices of the first mover and the other on predicting the choices of the...
Persistent link: https://www.econbiz.de/10009203557
Consider a contest for a prize in which each player knows his/her own ability, but may or may not know those of his/her rivals (the complete or incomplete information regimes). Our main result is that, if the value of the prize is high, more effort and output are engendered under incomplete...
Persistent link: https://www.econbiz.de/10010678824
This paper studies games with both strategic substitutes and strategic complements, and more generally, games with strategic heterogeneity (GSH). Such games may behave differently from either games with strategic complements or games with strategic sub- stitutes. Under mild assumptions (on one...
Persistent link: https://www.econbiz.de/10011152521