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Individuals behave with choice probabilities defined by a multinomial logit (MNL) probability distribution over a finite number of alternatives which includes utilities as parameters. The salient feature of the model is that probabilities depend on the choice-set, or domain. Expanding the...
Persistent link: https://www.econbiz.de/10008684446
The ability of invertebrates to perform complex cognitive tasks is widely debated. Bees utilize the number of landmarks en-route to their destination as cues for navigation, but their use of numerical information in other contexts has not been studied. Numerical regularity in the spatial...
Persistent link: https://www.econbiz.de/10008684447
Optimal Lobbying is the problem a lobbyist or a campaign manager faces in a full-information voting scenario of a multi-issue referendum when trying to influence the result. The Lobby is faced with a profile that specifies for each voter and each issue whether the voter approves or rejects the...
Persistent link: https://www.econbiz.de/10010681303
We show that the no betting characterisation of the existence of common priors over finite type spaces extends only partially to improper priors in the countably infinite state space context: the existence of a common prior implies the absence of a bounded agreeable bet, and the absence of a...
Persistent link: https://www.econbiz.de/10010684333
A few species within the genus Colchicum of the Colchicaceae family, a small group of species native to the transitional belt of the Mediterranean and the Middle East deserts, are characterized by unique morphological traits: nectarial appendages that occur at the base of the perianth segments...
Persistent link: https://www.econbiz.de/10010699062
We consider the menu size of auctions as a measure of auction complexity and study how it affects revenue. Our setting has a single revenue-maximizing seller selling two or more heterogenous items to a single buyer whose private values for the items are drawn from a (possibly correlated) known...
Persistent link: https://www.econbiz.de/10010659918
An agent needs to decide which of two available actions, A or B, to take. The agent's payoffs are such that A dominates B, i.e., taking A yields a better payoff than taking B, in every contingency. On the other hand, the agent's expected payoffs, given the action taken, are in the reverse order,...
Persistent link: https://www.econbiz.de/10010659919
In today’s increasingly interconnected world, deciding with whom and at what level to cooperate becomes a matter of increasing importance as societies become more globalized and large-scale cooperation becomes a viable means of addressing global issues. This tension can play out via...
Persistent link: https://www.econbiz.de/10010659920
Persistent link: https://www.econbiz.de/10010662947
Insect herbivores often use chemical signals obtained from their food plants to deter enemies and/or attract sexual partners. Do plant-based visual signals act similarly, i.e., repel consumers' enemies and appeal to potential mates? We explored this question using the pollen-feeding beetle...
Persistent link: https://www.econbiz.de/10010662948