Showing 161 - 170 of 192
A partnership game is a two person game in which both players necessarily receive the same payoff. For symmetric partnership games it is shown that asymptotic stability with respect to the replicator dynamics, evolutionary stability (Maynard Smith and Price [1973], Thomas [1985]) and equilibrium...
Persistent link: https://www.econbiz.de/10005032177
We show how to derive nonparametric estimates from results for Bernoulli distributions, provided the means are the only parameters of interest. The only information is that the support of each random variable is contained in a known bounded set. Examples include presenting minimax risk...
Persistent link: https://www.econbiz.de/10005744291
We run an experiment that implements a finitely repeated version of the trust game in which players can choose in each period with whom to interact. Change in trust and trustworthiness in terms of previous experience is statistically investigated where confounding factors are controlled for....
Persistent link: https://www.econbiz.de/10005592955
We consider the problem of pricing a single object when the seller has only minimal information about the true valuation of the buyer. Specifically, the seller only knows the support of the possible valuations and has no further distributional information. The seller is solving this choice...
Persistent link: https://www.econbiz.de/10005593496
This paper provides definitions for the evolutionary stability of sets of strategies based on simple fitness comparisons in the spirit of the definition of an evolutionarily stable strategy (ESS) by Taylor and Jonker (1978). It compares these with the set-valued notions of Thomas (1985d) and...
Persistent link: https://www.econbiz.de/10005598479
We analyze the evolution of behavioral rules for learning how to play a two-armed bandit. Individuals have no information about the underlying pay-off distributions and have limited memory about their own past experience. Instead they must rely on information obtained through observing the...
Persistent link: https://www.econbiz.de/10005636448
The object of the paper will be to investigate the effect of pre- play communication on the evolution of strategies for playing a given game. Communication is modelled as cheap talk: before the game is played, the players simultaneously exchange messages from some finite set of messages. There...
Persistent link: https://www.econbiz.de/10005636453
We consider the situation in which individuals in a finite population must repeatedly choose an action yielding an uncertain payoff. Between choices, each individual may observe the performance of one other individual. We search for rules of behavior with limited memory that increase expected...
Persistent link: https://www.econbiz.de/10005636461
We show how to a derive exact distribution-free nonparametric results for minimax risk when underlying random variables have known finite bounds and means are the only parameters of interest. Transform the data with a randomized mean preserving transformation into binary data and then apply the...
Persistent link: https://www.econbiz.de/10005697653
We select among rules for learning which of two actions in a stationary decision problem achieves a higher expected payo¤when payoffs realized by both actions are known in previous instances. Only a bounded set containing all possible payoffs is known. Rules are evaluated using maximum risk...
Persistent link: https://www.econbiz.de/10005697697