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By means of an example it is shown that the prenucleolus is not the only minimal solution that satisfies nonemptiness, Pareto optimality, covariance, the equal treatment property and the reduced game property, even if universe of players is infinite. This example also disproves a conjecture of...
Persistent link: https://www.econbiz.de/10005752784
In the role of judges in bankruptcy problems, people may prescribe various just divisions of the available goods to claimants who have rights for them. Two widespread division rules are equality and proportionality. A less known rule is the Talmudic "Shnaim Ohazin" principle, whose basic...
Persistent link: https://www.econbiz.de/10005752785
In daily decision making, people often solicit one another's opinions in the hope of improving their own judgment. According to both theory and empirical results, integrating even a few opinions is beneficial, with the accuracy gains diminishing as the bias of the judges or the correlation...
Persistent link: https://www.econbiz.de/10005752786
Implementation theory tackles the following problem: given a social choice correspondence, find a decentralized mechanism such that for every constellation of the individuals' preferences, the set of outcomes in equilibrium is exactly the set of socially optimal alternatives (as specified by the...
Persistent link: https://www.econbiz.de/10005752787
Intergroup conflicts generally involve conflicts of interests within the competing groups as well. This paper outlines a taxonomy of games, called team games, which incorporate the intragroup and intergroup levels of conflict. Its aims are to provide a coherent framework for analyzing the...
Persistent link: https://www.econbiz.de/10005752788
Two experiments compared the Centipede game played either by 2 individuals or by 2 (3-person) groups. The 2 competitors alternate in deciding whether to take the larger portion of an increasing (or constant) pile of money, and as soon as one “takes” the game ends. Assuming that both sides...
Persistent link: https://www.econbiz.de/10005752789
Foraging bees spend less time flying between flowers of the same species than when flying between individuals of different species. This time saving has been suggested as a possible advantage of flower-constant foraging. We hypothesized that the time required to switch flower type increases if...
Persistent link: https://www.econbiz.de/10005752790
With respect to the S5 multi-agent epistemic logic, we define a cell to be a minimal subset of knowledge structures known in common semantically by all the agents. A cell has finite fanout if at every knowledge strcuture every agent considers only a finite number of other knowledge structures to...
Persistent link: https://www.econbiz.de/10005752791
Asymptotic results for the problem of optimal two choice stopping on an n element long i.i.d. sequence X<SUB>n</SUB>, . . . ,X<SUB>1</SUB> have previously been obtained for two of the three domains of attraction. An asymptotic result is proved for the exponential distribution, a representative from the remaining,...</sub></sub>
Persistent link: https://www.econbiz.de/10005752792
Persistent link: https://www.econbiz.de/10005752793