Showing 31 - 40 of 14,313
Games with incomplete information or randomness in the moves of others typically have many decision … of randomizations in the type of a player. Solution concepts, assumptions or paradoxes in games should be independent of … the formulation of the game used. I refer to this axiom as TIGER, for "Type Independence among Games which are …
Persistent link: https://www.econbiz.de/10005605554
This paper considers a version of Bush and Mosteller's stochastic learning theory in the context of games. We compare … this model of learning to a model of biological evolution. The purpose is to investigate analogies between learning and … replicator process. We give conditions under which the same is true for the learning model. For the case that these conditions do …
Persistent link: https://www.econbiz.de/10005636454
Fictitious play and "gradient" learning are examined in the context of a large population where agents are repeatedly … randomly matched. We show that the aggregation of this learning behaviour can be qualitatively di®erent from learning at the …
Persistent link: https://www.econbiz.de/10005636467
I propose how to model memory loss of knowledge.
Persistent link: https://www.econbiz.de/10005672007
The main objects here are noncooperative games in which all externalities occur via a one-dimensional variable. So … be interpreted as learning taking place during repeated play. An important feature is that no player need to be fully … informed about the game structure. Particular examples include Cournot oligopolies and some nonatomic market games. …
Persistent link: https://www.econbiz.de/10005783554
Evaluation's way is set on a paradox. The feed-back of evaluation would imply - according to a wrong way - the evaluation of the examiner. Systemic Analysis could show the promises and the semantic limits of this technical. It seems to be impossible to measure work's human value through the...
Persistent link: https://www.econbiz.de/10005789686
Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, like, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive...
Persistent link: https://www.econbiz.de/10005765169
We examine the influence of team size on decision making in a beauty-contest experiment. Teams with four members outperform teams with two members and single persons significantly, whereas the latter two types of decision makers do not differ.
Persistent link: https://www.econbiz.de/10005765206
This article studies the long run patterns and explanations of wage mobility as a characteristic of regional labor markets. Using German administrative data we describe wage mobility since 1975 in West and since 1992 in East Germany. Wage mobility declined substantially in East Germany in the...
Persistent link: https://www.econbiz.de/10010294700
In spite of its predominant economic weight in developing countries, little is known about informal sector income dynamics vis-à-vis the formal sector. Some works have been done in this field using household surveys, but they only consider some emerging Latin American countries and a few...
Persistent link: https://www.econbiz.de/10010305582