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A game theoretical approach to road safety

Pedersen, Pål Andreas (contributor) - 2001 - [Elektronische Ressource]

A theoretical model is adopted in order to explain incentives and actual safety behaviour for drivers, pedestrians and other road users which do not utilise motorised vehicles. A road user's outcome is supposed to be dependent on her individual actions and cares decided upon by other individuals...

Persistent link: https://www.econbiz.de/10001646561

Coevolutionary Games - A Mini Review

Perc, Matjaz - 2012

Prevalence of cooperation within groups of selfish individuals is puzzling in that it contradicts with the basic premise of natural selection. Favoring players with higher fitness, the latter is key for understanding the challenges faced by cooperators when competing with defectors. Evolutionary...

Persistent link: https://www.econbiz.de/10013115891

Cheap Talk, Prices and Crises : An Experimental Study

Qu, Hong - 2011

interplay between two types of uncertainty that agents face: fundamental and strategic uncertainty (i.e. uncertainty about … prices reduce fundamental uncertainty, efficiency of coordination does not improve because strategic uncertainty intensifies …. In contrast, costless nonbinding cheap talk significantly improves coordination as it reduces strategic uncertainty …

Persistent link: https://www.econbiz.de/10013119581

Ignorance is Bliss : An Experimental Study of the Use of Ambiguity and Vagueness in the Coordination Games with Asymmetric Payoffs

Agranov, Marina - 2012

We consider a game where one player, the Announcer, has to communicate the value of a payoff relevant state of the world to a set of players who play a coordination game with multiple equilibria. While the Announcer and the players agree that coordination is desirable, since the payoffs of the...

Persistent link: https://www.econbiz.de/10013107596

Reversibility in Dynamic Coordination Problems

Kováč, Eugen - 2010

Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the process. In such environments, the (ir)reversibility of early actions plays an important role in the...

Persistent link: https://www.econbiz.de/10013150714

Is Reputation Good or Bad? An Experiment

Grosskopf, Brit - 2006

We experimentally test whether the possibility of building a reputation impacts behavior in the manner suggested by theory. Our unified reputation framework theoretically allows for either the good or the bad reputation prediction to emerge. Our design additionally varies whether reputation...

Persistent link: https://www.econbiz.de/10012733116

Information Seeking with Selective Memory

Núñez, Alejandro - 2019

Memory is biased. People, for instance, privilege recalling information that confirms preexisting beliefs. This paper examines how selective memory shapes how people search for information. I propose a bandit model, in which different signal are recalled at different rates of probability....

Persistent link: https://www.econbiz.de/10012892873

Strategic Investment and Learning with Private Information

Klein, Nicolas - 2019

strategic experimentation can increase ex-ante welfare because of strategic uncertainty and due to an "encouragement effect of …

Persistent link: https://www.econbiz.de/10012896666

Achieving Efficiency in Dynamic Contribution Games

Cvitanic, Jaksa - 2017

We analyze a game in which a group of agents exert costly effort over time to make progress on a project. The project is completed once the cumulative efforts reach a pre-specified threshold, at which point it generates a lump sum payoff. We characterize a budget balanced mechanism that induces...

Persistent link: https://www.econbiz.de/10012972549

Generalized Peaceful Mechanisms

Liu, Liqun - 2020

I study the limits of mediated conflict resolution when: states have incentives to misrepresent private information; mediators may have limited capacity to enforce agreement; and political leaders in crisis bargaining situations are subject to domestic constraints. With a mechanism design...

Persistent link: https://www.econbiz.de/10012851251