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Understanding whether the size of the interacting group has an effect on cooperative behavior has been a major topic of debate since the seminal works on cooperation in the 1960s. Half a century later, scholars have yet to reach a consensus, with some arguing that cooperation is harder in larger...
Persistent link: https://www.econbiz.de/10012896060
The present paper proposes a myopic, boundedly rational heuristic for individual decision-making in differential game settings. I demonstrate that this type of behaviour converges to Nash equilibrium in infinitely repeated stage games without a state variable if the stage game is strategically...
Persistent link: https://www.econbiz.de/10012941192
This paper studies adaptive learning in the class of weighted network games. This class of games includes applications like research and development within interlinked firms, crime within social networks, the economics of pollution, and defense expenditures within allied nations. We show that...
Persistent link: https://www.econbiz.de/10012944776
This commentary complements the article by De Dreu and Gross (2019) from the perspectives of behavioral economics and game theory. It aims to provide a bridge between the psychology / neuroscience research with that of economic research in attack-and-defense by stipulating relevant literature,...
Persistent link: https://www.econbiz.de/10012823439
We characterize the equilibrium set of the n-player Hirshleifer contest with homogeneous valuations. A symmetric equilibrium always exists. It necessarily corresponds to multilateral peace for sufficient noise and uses finite-support randomized strategies otherwise. Asymmetric equilibria are...
Persistent link: https://www.econbiz.de/10012824146
This study explores asymmetric volunteers' dilemma (VOD) games where costs for volunteering is different among players. Diekmann (1993) conjectures that an equilibrium, in which a player with less costs contributes, is more likely to be played if it is risk dominant. We re-examined this...
Persistent link: https://www.econbiz.de/10012865565
In many real-world contests (political elections / lobbying for public projects), contestants try to engage supporters (unemployed youth / local residents) to fight for them. Such contests have the following features: a significant part of a contestant's supporter compensation is contingent upon...
Persistent link: https://www.econbiz.de/10012869619
In the world of satin bowerbirds, the male-birds engage in a contest among themselves to win their mates: they spend considerable time and effort in decorating their own bowers, and then attempt to destroy the decorations of their rivals' bowers. The female-birds, in turn, select their mates on...
Persistent link: https://www.econbiz.de/10012869623
This paper analyzes incumbency contests in a large population setting. Incumbents repeatedly face different challengers, holding on to their positions until defeated in a contest. Defeated incumbents turn into challengers until they win a contest against an incumbent, thereby regaining an...
Persistent link: https://www.econbiz.de/10012968580
In this paper we study a two stage contest where the strength of players in the second stage depends on the result of the contest in the first stage. We show that this contest displays properties that are not present in one shot contests. Non-symmetric players make different efforts in the first...
Persistent link: https://www.econbiz.de/10013008601