Showing 81 - 90 of 39,362
The replicator-mutator dynamics is a set of differential equations frequently used in biological and socioeconomic contexts to model evolutionary processes subject to mutation, error or experimentation. The replicator-mutator dynamics generalizes the widely used replicator dynamics, which...
Persistent link: https://www.econbiz.de/10009291593
We report experimental results on the minority of three-game, where three players choose one of two alternatives and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies that are non-strict and...
Persistent link: https://www.econbiz.de/10009293459
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009294862
This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our explorations in the standard version of the investment game. Our gift treatment includes a dictator stage in which the trustee decides whether to give a gift to the trustor before both of...
Persistent link: https://www.econbiz.de/10009318026
<em></em> <em>Games</em> has received help from many individuals since its inaugural issue in 2009. We are especially grateful to the following 146 referees for their great support of <em>Games</em> during the past two years. [...]
Persistent link: https://www.econbiz.de/10009395930
This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A huge amount of research shows that players do not behave in an economically rational way in the ultimatum game, and emotional mechanisms have been proposed as a possible...
Persistent link: https://www.econbiz.de/10009646375
This paper provides experimental evidence on how players predict end-game effects in a linear public good game. Our regression analysis yields a measure of the relative importance of priors and signals on subjects’ beliefs on contributions and allows us to conclude that, first, the weight of...
Persistent link: https://www.econbiz.de/10009364531
This article explains the emergence of an unique equilibrium resolution as the result of a compromise between two selves with different preferences. The stronger this difference is, the more generous the resolution gets. This result is in contrast to predictions of other models in which sinful...
Persistent link: https://www.econbiz.de/10009367384
We present a model where each of two players chooses between remuneration based on either private or team effort. Although at least one of the players has the equilibrium strategy to choose private remuneration, we frequently observe both players to choose team remuneration in a series of...
Persistent link: https://www.econbiz.de/10009249783
We study network formation with <em>n players</em> and link cost <em>α </em> 0. After the network is built, an adversary randomly deletes one link according to a certain probability distribution. Cost for player <em>ν</em> incorporates the expected number of players to which <em>ν</em> will become disconnected. We focus on...</em>
Persistent link: https://www.econbiz.de/10009277823