Showing 101 - 110 of 606
On several classes of n-person NTU games that have at least one Shapley NTU value, Aumann characterized this solution by six axioms: Non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives (IIA). Each of the first five axioms is...
Persistent link: https://www.econbiz.de/10008727245
We consider uncoupled dynamics (i.e., dynamics where each player knows only his own payoff function) that reach Pareto efficient and individually rational outcomes. We prove that the number of periods it takes is in the worst case exponential in the number of players.
Persistent link: https://www.econbiz.de/10008727246
Persistent link: https://www.econbiz.de/10004988905
The variation of a martingale m[k] of k+1 probability measures p(0),...,p(k) on a finite (or countable) set X is the expectation of the sum of ||p(t)-p(t-1)|| (the L one norm of the martingale differences p(t)-p(t-1)), and is denoted V(m[k]). It is shown that V(m[k]) is less than or equal to the...
Persistent link: https://www.econbiz.de/10004988906
The subset agreement problem generalizes all forms of two-sided matching. Two agents need to agree on some subset of a given finite set of contracts. A solution concept - agreement - generalizes the notion of a stable subset. Its definition does not require the consideration of a preference...
Persistent link: https://www.econbiz.de/10004988907
In this study, coordinated breathing was studied in 13 common bottlenose dolphins because of its links with spontaneous coordinated behaviors (e.g., swimming, foraging, and playing). A strong link was shown between dyadic coordination levels and age/sex categories when both association patterns...
Persistent link: https://www.econbiz.de/10004988908
The secretary problem for selecting one item so as to minimize its expected rank, based on observing the relative ranks only, is revisited. A simple suboptimal rule, which performs almost as well as the optimal rule, is given. The rule stops with the smallest i such that Ri = ic/(n + 1 - i) for...
Persistent link: https://www.econbiz.de/10004988909
Cooperation poses theoretical problems because the behaviors of individuals can benefit others. Evolutionary and game-theory explanations that focus on maximizing one's own material outcomes are usually supported by experimental models with isolated and anonymous subjects. Cooperation in the...
Persistent link: https://www.econbiz.de/10004988910
This paper provides a new way to identify conditional cooperation in a real-time version of the standard voluntary contribution mechanism. Our approach avoids most drawbacks of the traditional procedures because it relies on endogenous cycle lengths, which are defined by the number of...
Persistent link: https://www.econbiz.de/10004991510
A problem of optimally allocating partially effective ammunition x to be used on randomly arriving enemies in order to maximize an aircraft's probability of surviving for time t, known as the Bomber Problem, was first posed by Klinger and Brown (1968). They conjectured a set of apparently...
Persistent link: https://www.econbiz.de/10004995404