Showing 91 - 100 of 96,862
We study social choice functions for societies confronting alternatives which can be described as vectors in a Euclidean space, and where all voters have preferences on these alternatives which are saturated at an ideal point and satisfy an appropriate restriction of single-peakedness.
Persistent link: https://www.econbiz.de/10005474441
A voting scheme assigns to each profile of alternatives chosen by "n" individuals a compromise alternative. Here the … strictly convex norm, common to all agents. A voting scheme is strategy-proof, if voting for one's best point is an optimal …
Persistent link: https://www.econbiz.de/10005572221
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and …
Persistent link: https://www.econbiz.de/10010333811
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and …
Persistent link: https://www.econbiz.de/10010276586
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and …
Persistent link: https://www.econbiz.de/10010276636
with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to … investigate the robustness of equilibria to uncertainty about opponents' awareness of actions. We show that a Nash equilibrium of …
Persistent link: https://www.econbiz.de/10010507620
with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to … investigate the robustness of equilibria to uncertainty about opponents' awareness of actions. We show that a Nash equilibrium of …
Persistent link: https://www.econbiz.de/10010282088
The failure of models based on rational expectations to explain the “boom and bust” of financial markets does not support Soros' critique of mainstream economics or his call for a theoretical revolution. Contrary to what Soros says, standard rational choice theory has the conceptual...
Persistent link: https://www.econbiz.de/10013076240
A common feature of many speculative attack models on currencies is the existence of multiple equilibrium solutions …. When choosing the equilibrium strategy a trader faces Knightian uncertainty about the rational choice of the other traders … currency attack models. The uniqueness of the equilibrium remains valid for arbitrary noise distributions, positively …
Persistent link: https://www.econbiz.de/10012776422
The order and lattice structure of the equilibrium set in games with strategic complements do not survive a minimal … comparable. In such cases, the equilibrium set is a non-empty, complete lattice, if, and only if, there is a unique equilibrium …. Moreover, in such cases, with linearly ordered strategy spaces, the game has at most one symmetric equilibrium. Several …
Persistent link: https://www.econbiz.de/10012894090