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game theory, this module was limited to two persons and zero sum games. Zero sum means that the sum of the losses of one … player must equal the sum of the games of the other player. In a pure strategy game, strategies for the players can be …
Persistent link: https://www.econbiz.de/10010632341
We analyse the effects of agents’ decisions on the creation of congestion on a centralised network with ring-and-hub topology. We show that there are two classes of agents each displaying a distinct set of behaviours. The dynamics of the system are driven by an interplay between the formation...
Persistent link: https://www.econbiz.de/10010589505
Society often allocates valuable resources - such as prestigious positions, salaries, or marriage partners - via tournament-like institutions. In such situations, inequality affects incentives to compete and hence has a direct effect on equilibrium choices and hence material outcomes. We...
Persistent link: https://www.econbiz.de/10010552369
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …
Persistent link: https://www.econbiz.de/10010552413
India won 2 silver and 4 bronze medals at the 2012 London Olympics. [YAS]. URL:[http://www.yas.nic.in/writereaddata/linkimages/3037530130.pdf].
Persistent link: https://www.econbiz.de/10010567991
This article reviews the recent literature on the econometric analysis of games where multiple solutions are possible … guide to identification and estimation strategies, I discuss games of complete and incomplete information separately …
Persistent link: https://www.econbiz.de/10010578434
Individual players in a simultaneous equation binary choice model act differently in different environments in ways that are frequently not captured by observables and a simple additive random error. This paper proposes a random coefficient specification to capture this type of heterogeneity in...
Persistent link: https://www.econbiz.de/10010633081
turn works out for games, drawing on some recent advances in the literature. Our key examples are the long-term dynamics of …
Persistent link: https://www.econbiz.de/10008838860
This essay provides an approach to the analysis of the link between Thorstein Veblen's evolutionary approach and evolutionary game theory (EGT). We shed some light on the potential contribution of Veblen's theory of socioeconomic evolution to the discussion on the application of EGT to social...
Persistent link: https://www.econbiz.de/10008839503
. In this apper we follow the suggestion by Myerson (1998) that in games with a very large number of players 'a more …
Persistent link: https://www.econbiz.de/10008852275