Showing 141 - 150 of 1,153
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
In 1996, a committee was formed to examine the results that had been reported by H.J. Gans regarding the existence of "encoded" text in the bible foretelling events that took place many years after the Bible was written. The committee performed two additional tests in the spirit of the Gans...
Persistent link: https://www.econbiz.de/10005178621
We introduce a simple riskier than order between gambles, from which the index of riskiness developed by Aumann and Serrano (2008) is directly obtained.
Persistent link: https://www.econbiz.de/10005046733
Kolmogorov's setting for probability theory is given an original generalization to account for probabilities arising from Quantum Mechanics. The sample space has a central role in this presentation and random variables, i.e., observables, are defined in a natural way. The mystery presented by...
Persistent link: https://www.econbiz.de/10005036062