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Рассмотрены две теоретико-игровых модели конфликтов между агентами в слабоструктурированной ситуации. В качестве представления знаний агентов о ситуации...
Persistent link: https://www.econbiz.de/10011237992
A long-standing question in biology and economics is whether individual organisms evolve to behave as if they were striving to maximize some goal function. We here formalize the \as if" question in a patch-structured population in which individuals obtain material payoffs from (perhaps very...
Persistent link: https://www.econbiz.de/10011240607
A long-standing question in biology and economics is whether individual organisms evolve to behave as if they were striving to maximize some goal function. We here formalize the \as if" question in a patch-structured population in which individuals obtain material payoffs from (perhaps very...
Persistent link: https://www.econbiz.de/10011240626
In the Seel–Strack contest (J Econ Theory 148(5):2033–2048, <CitationRef CitationID="CR11">2013</CitationRef>), <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$n$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>n</mi> </math> </EquationSource> </InlineEquation> agents each privately observe an independent copy of a drifting Brownian motion which starts above zero and is absorbed at zero. Each agent chooses when to stop the process she observes, and the winner of the...</equationsource></equationsource></inlineequation></citationref>
Persistent link: https://www.econbiz.de/10011240820
<Para ID="Par1">This paper explores, in a multiperiod setting, the funding liquidity of a borrower that finances its operations through short-term debt. The short-term debt is provided by a continuum of creditors with heterogeneous beliefs about the prospects of the borrower. In each period, creditors observe...</para>
Persistent link: https://www.econbiz.de/10011241201
This paper analyzes factors that affect candidates’ position-taking incentives in multi-candidate and multi-party elections. Following Cox (1990), we define centrifugal incentives as those that motivate vote-seeking candidates to take more extreme positions relative to the center of the...
Persistent link: https://www.econbiz.de/10011135413
This article applies an earlier analysis of interdependent security issues to a general class of problems involving discrete interdependent exposure to terrorist risks. Any agent’s incentive to adopt risk-reducing measures depends on the actions of others because of the negative...
Persistent link: https://www.econbiz.de/10011136151
The author develops a new game-theoretic approach, anchored not in Boolean two-valued logic but instead in linguistic fuzzy logic. The latter is characterized by two key features. First, the truth values of logical propositions span a set of linguistic terms such as true, very true, almost...
Persistent link: https://www.econbiz.de/10011136292
This article uses the model proposed by Chiappori, Levitt, and Groseclose to test for mixed-strategy Nash equilibria in a game between a kicker and a goalkeeper in the situation of a penalty kick in soccer. The main contribution of this article is to develop an alternative testing methodology on...
Persistent link: https://www.econbiz.de/10011139159
We examine experimentally how humans behave when they play against a computer which implements its part of a mixed strategy Nash equilibrium. We consider two games, one zero-sum and another unprofitable with a pure minimax strategy. A minority of subjects’ play was consistent with their...
Persistent link: https://www.econbiz.de/10011140952