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Weakly acyclic games form a natural generalization of the class of games that have the finite improvement property (FIP). In such games one stipulates that from any initial joint strategy some finite improvement path exists. We classify weakly acyclic games using the concept of a scheduler...
Persistent link: https://www.econbiz.de/10011241942
This paper derives an equilibrium for a competitive multi-stage game in which an agents' current action influences his probability of survival into the next round of play. This is directly relevant in banking, where a banks' current lending and pricing decisions determines its future probability...
Persistent link: https://www.econbiz.de/10011242427
This article presents an eclectic review of the analytical study of terrorism that views all agents as rational decisionmakers. This analytical literature began in earnest with the seminal study of US skyjackings by William Landes in 1978. After 11 September 2001, the analytical literature on...
Persistent link: https://www.econbiz.de/10011134656
Power in American and German multi-chamber legislation is determined either by an inter-institutional or an internal coalition problem of all inter-linked chambers. Hence, the complexity of multi-chamber systems relies on different subgames, different types of decision rules and different types...
Persistent link: https://www.econbiz.de/10011135383
Although mediation is one of the most widely used conflict management techniques, not all international conflicts involve mediation. Why do mediators intervene in some conflicts while not in others? Do third parties strategically select cases for mediation? How does their decision to intervene...
Persistent link: https://www.econbiz.de/10011135398
Institutions structure incentive environments for strategic actors. What is the effect of a flawed institution - one that is not perfectly predictable - on strategic behavior? This paper focuses on the influence of the judiciary on inter-governmental rivalry in a federation, in particular...
Persistent link: https://www.econbiz.de/10011135425
The paper introduces and discusses some of the most important conceptual ideas in game theory by exploring their implicit answer to the question: Who is a player? It will be illustrated that some of the most celebrated results in game theory rely on different notions of a player, global players...
Persistent link: https://www.econbiz.de/10011135453
This paper examines a recent debate in the literature on power indices in which classical measures such as the Banzhaf, Shapley-Shubik, and Public Good indices have been criticized on the grounds that they do not take into account player preferences. It has been argued that an index that is...
Persistent link: https://www.econbiz.de/10011135462
The aim of this article is to distinguish between strategies in the Iterated Prisoner’s Dilemma on the basis of their relative performance in a given population set. We first define a natural order on such strategies that disregards isolated disturbances, by using the limit of...
Persistent link: https://www.econbiz.de/10011136117
How is negative reciprocity cultivated in an environment of violent conflict? This study investigates how students in the West Bank react to unfair proposals in an ultimatum game. Proposals submitted with Hebrew as compared to Arab handwriting are rejected more often. Israelis must offer 15...
Persistent link: https://www.econbiz.de/10011136285