Showing 311 - 320 of 443
Let A be a finite set of m alternatives, let N be a finite set of n players and let R<sup>N</sup> be a profile of linear preference orderings on A of the players. Let u<sup>N</sup> be a profile of utility functions for R<sup>N</sup>. We define the NTU game V<sub>u<sup>N</sup></sub> that corresponds to simple majority voting, and investigate its...
Persistent link: https://www.econbiz.de/10005596261
We consider a bargaining problem where one of the players, the bureaucrat, has the power to dictate any outcome in a given set. The other players, the agents, negotiate with him which outcome to be dictated. In return, the agents transfer some part of their payoffs to the bureaucrat. We state...
Persistent link: https://www.econbiz.de/10005596262
Even with ample time and data at their disposal, people often make do with small samples, which increases their risk of making the wrong decision. A theoretical analysis indicates, however, that when the decision involves selecting among competing, adaptive agents who are eager to be selected,...
Persistent link: https://www.econbiz.de/10005596263
Consider a parliamentary committee with an equal number of coalition and opposition members. The opposition needs a strict majority to pass a motion, whereas for the coalition a tie is sufficient to block the motion and maintain the status quo. Passing or blocking the motion is a public good...
Persistent link: https://www.econbiz.de/10005596264
For the last fifty years, countries in Asia and elsewhere witnessed a surge in aggregate savings per capita. Many empirical studies attribute this trend to the highly significant increases in life longevity of the populations of these countries. Some argue that the rise in savings is short-run,...
Persistent link: https://www.econbiz.de/10005596265
Gradual bargaining is represented by an agenda: a family of increasing sets of joint utilities, parameterized by time. A solution for gradual bargaining specifies an agreement at each time. We axiomatize an ordinal solution, i.e., one that is covariant with order-preserving transformations of...
Persistent link: https://www.econbiz.de/10005596266
What makes a choice difficult, beyond being complex or difficult to calculate? Characterizing difficult choices as posing a special challenge to the agent, and as typically involving consequences of significant moment as well as clashes of values, the article proceeds to compare the way...
Persistent link: https://www.econbiz.de/10005596267
Let G = (I,J,g) be a two-person zero-sum game. We examine the two-person zero-sum repeated game G(k,m) in which player 1 and 2 place down finite state automata with k,m states respectively and the payoff is the average per stage payoff when the two automata face off. We are interested in the...
Persistent link: https://www.econbiz.de/10005596269
The paper analyses the development of the constitutional process in Israel since 1950, and especially since the 1992 basic laws. It argues that this process should be viewed within a frameworks distinguishing between three stages of constitution-making: the initial enactment of a constitution,...
Persistent link: https://www.econbiz.de/10005596270
The concept of a superposition is a revolutionary novelty introduced by Quantum Mechanics. If a system may be in any one of two pure states x and y, we must consider that it may also be in any one of many superpositions of x and y. This paper proposes an in-depth analysis of superpositions. It...
Persistent link: https://www.econbiz.de/10005596271