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Blume, Lawrence - EconWPA - 1996

Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...

Persistent link: https://www.econbiz.de/10005407624

Strategy Meets Evolution: Games Suppliers and Producers Play

Guha, Brishti - School of Economics, Singapore Management University - 2006

Final goods producers, who may be intrinsically honest (a behavioral type) or opportunistic (strategic), play a repeated game of imperfect information with suppliers of an input of variable (and non-verifiable) quality. Returns to cheating are increasing in the proportion of intrinsically honest...

Persistent link: https://www.econbiz.de/10005056810

A Computational Laboratory for Evolutionary Trade Networks

McFadzean, David; Stewart, Deron; Tesfatsion, Leigh - EconWPA - 2000

and evolution of trade networks by means of real-time animations. Data tables and charts reporting descriptive performance …

Persistent link: https://www.econbiz.de/10005134562

Stable Risk Sharing

Dutta, Jayasri; Prasad, Kislaya - Society for Computational Economics - SCE - 2001

We evaluate the stability of risk-sharing contracts in the presence of moral hazard. Contracts are rules for sharing … their choice and apply methods of evolutionary stability. We identify stable contracts, which survive competition against … the evolution of organizations to examine behavior in the presence of small, positive amounts of noise. …

Persistent link: https://www.econbiz.de/10005132862

Principle of uncertain future and utility

Harin, Alexander - 2007

The principle of uncertain future: the probability of a future event contains a degree of (hidden) uncertainty. As a result, this uncertainty (in a sense, similar to vibrations, fluctuations) pushes the probability value back from the bounds to the middle of its range (from ~100% and ~0% to the...

Persistent link: https://www.econbiz.de/10015219779

Game theory on strategic communication: an approach from Thomas S. Schelling

Estrada, Fernando; Hernández Porrras, María Leonor - 2010

In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...

Persistent link: https://www.econbiz.de/10015221049

Economics and Rationality of organizations: an approach to the work of Herbert A. Simon

Estrada, Fernando - 2010

One of the main achievements of Herbert A. Simon in organizational theory is analytically evaluating the psychology of individual and collective behavior thus opening the ground for further research D. Kahneman, and T. Schelling. This article provides an assessment of the contributions of...

Persistent link: https://www.econbiz.de/10015221075

Theory of argumentation in financial markets

Estrada, Fernando - 2010

This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic movement in Colombia. The...

Persistent link: https://www.econbiz.de/10015221084

Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin

Estrada, Fernando - 2010

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

Persistent link: https://www.econbiz.de/10015221273

Fragments on the black swan: money, credit and finance in The Arcades Project of Walter Benjamin

Estrada, Fernando - 2010

Persistent link: https://www.econbiz.de/10015221276