Showing 151 - 160 of 480
Several species of glaphyrid beetles forage and mate on Mediterranean red flowers. In red anemones and poppies in Israel, female beetles occupy only bowl-shaped a subset of the flowers, do not aggregate, and are hidden below the petals. This raises the question how males find their mates. The...
Persistent link: https://www.econbiz.de/10005061239
Two salient features of modern economic growth are the rise in aggregate savings rates and the steady increase in life expectancy. This paper links these processes, showing that under certain conditions economic theory supports the hypothesis that increased longevity leads to higher aggregate...
Persistent link: https://www.econbiz.de/10005064209
"Game Engineering" deals with the application of game theoretic methods to interactive situations or systems in which the rules are well defined, or where the designer can himself specify the rules. This talk, which addressed a business-school audience with no specific knowledge of game theory,...
Persistent link: https://www.econbiz.de/10005064210
We introduce emotions into an equilibrium notion. In a mental equilibrium each player "selects" an emotional state which determines the player's preferences over the outcomes of the game. These preferences typically differ from the players' material preferences. The emotional states interact to...
Persistent link: https://www.econbiz.de/10005064211
Persistent link: https://www.econbiz.de/10005178615
Last summer, a member of the Rationality Center at the Hebrew University of Jerusalem installed a closed-circuit TV camera in the Center's kitchen. An email explained that the camera was installed in an effort to keep the kitchen clean. By the time the camera was removed, a week later, the...
Persistent link: https://www.econbiz.de/10005178616
I analyze a mechanism design of a tournament in which the principal can strategically enhance the probability of a tie. The principal decides on a ”tie distance” and announces a rule according to which a tie is declared if the difference between the two contestants’ performances is within...
Persistent link: https://www.econbiz.de/10005178617
A two-house legislature can often be modelled as a proper simple game whose outcome depends on whether a coalition wins, blocks or loses in two smaller proper simple games. It is shown that there are exactly five ways to combine the smaller games into a larger one. This paper focuses on one of...
Persistent link: https://www.econbiz.de/10005178618
The Maschler-Owen consistent value for non-transferable utility games is axiomatized, by means of a marginality axiom.
Persistent link: https://www.econbiz.de/10005178619
When the amount of information to be dealt with exceeds people’s short-term memory capacity, they must resort to the sampling of information. In the present study we show that, under conditions of cognitive overload (which could result from decision-making under stress, time constraints or...
Persistent link: https://www.econbiz.de/10005178620