We investigate experimentally whether preferences over an outcome depend on what other possible outcomes of the situation under consideration are, i.e. whether choices are "menu dependent". In simple sequential games we analyze whether reactions to a certain benchmark oucome are influenced by...

We consider conflicts between an incumbent, e.g. government or dominant firm, and potential challengers, e.g. guerilla movement or entrants. It is not uncommon for challengers to win such conflicts despite their lack of resources. They can do this by exploiting a second mover advantage: choosing...

The paper has a twofold aim. On the one hand, it provides what appears to be the first game-theoretic modeling of Napoleon’s last campaign, which ended dramatically on 18 June 1815 at Waterloo. It is specifically concerned with the decision Napoleon made on 17 June 1815 to detach part of his...

Those lecture notes cover the basics of a course in microeconomic theory for MSc students in Economics. They were developed over five years of teaching MSc Economic Theory I in the School of Economics at the University of East Anglia in Norwich, UK. The lectures differ from the standard fare in...

Game-theoretic models incorporating neo-classical economic assumptions can be a powerful tool for identifying and analyzing issues relevant to legal policy. In this paper I argue that, where those assumptions are deficient, the efficacy of and insights from such models can be improved by...

Mixed strategies are a key component of game theory. Investigations into whether or not people use optimal mixed strategies have largely been limited to laboratory settings and have produced mixed results. Recently, the empirical framework has been extended into professional sports. This study...

Play calling strategies during football games are extremely important to the success of a team. In the past, coaches and players have subjectively determined the plays to call based on past experiences, personal biases, and various observable factors. This research quantifies these decisions...

In football leagues, a won match produces three points (all for the winner) whereas a drawn match produces only two (one for each team). Here, the total resource from the viewpoint of league points is not constant and the gain of the match for both teams changes depending on the result of the...