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An encyclopedia article on games with incomplete information. Table of contents: 1. Definition of the subject and its importance. 2. Introduction: Modeling incomplete information. 3. Harsanyi’s model: The notion of type. 4. Aumann’s model. 5. Harsanyi’s model and the hierarchies of...
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Casual observation suggests that athletics records tend to cluster over time. After prolonged periods without new records, a record breaking performance spurs other athletes to increase effort and thereby repeatedly set new standards. Subsequently, record breaking subsides and the pattern...
Persistent link: https://www.econbiz.de/10005585361
It has been argued that in the presence of an ’Atmosphere Externality’ and competitive behavior by households, a uniform commodity tax on the externality - generating good attains the first best. It is demonstrated, however, that if income redistribution is desirable then personalized taxes...
Persistent link: https://www.econbiz.de/10005585362
An effectivity function assigns to each coalition of individuals in a society a family of subsets of alternatives such that the coalition can force the outcome of society’s choice to be a member of each of the subsets separately. A representation of an effectivity function is a game form with...
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In the interest of improving their decision-making, individuals revise their opinions on the basis of samples of opinions obtained from others. However, such a revision process may lead decision-makers to experience greater confidence in their less accurate judgments. We theorize that people...
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Intergroup conflicts are characterized by conflicts of interests within the competing groups as well. The intragroup conflict stems from a basic fact: while all group members are better off if they all cooperate in competing against the outgroup, each individual group member is better off...
Persistent link: https://www.econbiz.de/10005585365
A class of integer-valued allocation games -- "General Lotto games" -- is introduced and solved. The results are then applied to analyze the classical discrete "Colonel Blotto games"; in particular, optimal strategies are obtained for all symmetric Colonel Blotto games.
Persistent link: https://www.econbiz.de/10005585366
Question: Which ecological factors favor the transition from plants with hermaphrodite flowers to monoecious plants with separate male and female flowers on the same individual? Mathematical methods: ESS computation in sex allocation models Key assumptions: Within a flower, costs of attraction,...
Persistent link: https://www.econbiz.de/10005585367
Polygraph test results are by and large ruled inadmissible evidence in criminal courts in the US, Canada and Israel. This is well-conceived with regard to the dominant technique of polygraph interrogation, known as the Control Question Technique (CQT), because it indeed does not meet the...
Persistent link: https://www.econbiz.de/10005585368