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NASH EQUILIBRIUM AND DYNAMICS
Hart, Sergiu - In: Simple Adaptive Strategies:From Regret-Matching to …
AbstractJohn F. Nash, Jr., submitted his Ph. D. dissertation entitled Non-Cooperative Games to Princeton University in 1950. Read it 58 years later, and you will find the germs of various later developments in game theory. Some of these are presented below, followed by a discussion of dynamic...
Persistent link: https://www.econbiz.de/10011206644
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EXISTENCE OF CORRELATED EQUILIBRIA
Hart, Sergiu; Schmeidler, David - In: Simple Adaptive Strategies:From Regret-Matching to …
AbstractAn elementary proof, based on linear duality, is provided for the existence of correlated equilibria in finite games. The existence result is then extended to infinite games, including some that possess no Nash equilibria.
Persistent link: https://www.econbiz.de/10011206692
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UNCOUPLED AUTOMATA AND PURE NASH EQUILIBRIA
Babichenko, Yakov - In: Simple Adaptive Strategies:From Regret-Matching to …
AbstractWe study the problem of reaching a pure Nash equilibrium in multi-person games that are repeatedly played under the assumption of uncoupledness: every player knows only his own payoff function. We consider strategies that can be implemented by finite-state automata, and characterize the...
Persistent link: https://www.econbiz.de/10011206747
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Athenian fiscal expansionary policy and peace versus war strategy
Economou, Emmanouel; Marios; Lazaros; Kyriazis, Nicholas - Volkswirtschaftliche Fakultät, … - 2015
In the present essay, we develop at first a model of choice by actors to show how a society can take decisions on specific issues according to how flexible or rigid it is in new ideas and trends. Then, by utilizing game theory we explain how the Athenian society abandoned war in favour of a...
Persistent link: https://www.econbiz.de/10011206874
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Payoff levels, loss avoidance, and equilibrium selection in the Stag Hunt: an experimental study
Feltovich, Nick; Iwasaki, Atsushi; Oda, Sobei H. - Scottish Institute for Research in Economics (SIRE) - 2010
Game theorists typically assume that changing a game’s payoff levels—by adding the same constant to, or subtracting it from, all payoffs—should not affect behavior. While this invariance is an implication of the theory when payoffs mirror expected utilities, it is an empirical question...
Persistent link: https://www.econbiz.de/10010565739
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Competition among providers in loss networks
MAILLÉ, Patrick; Tuffin, Bruno - HAL - 2011
Communication networks are becoming ubiquitous and more and more competitive among revenue-maximizing providers, operating on potentially different technologies. In this paper, we propose to analyze thanks to game theory the competition of providers playing with access prices and fighting for...
Persistent link: https://www.econbiz.de/10010565959
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A rating-based network selection game in heterogeneous systems
FUX, Vladimir; MAILLÉ, Patrick - HAL - 2012
During the last years the problem of network selection in wireless heterogeneous systems has attracted a lot of … minimization, network revenue maximization -. In this paper, we define and investigate a system where users decide which network to … investigate the pricing decisions made by network owners, in two different settings: a compe- tition among several revenue …
Persistent link: https://www.econbiz.de/10010567255
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Channeling the final Say in Politics
Gersbach, Hans; Tejada, Oriol - CER-ETH Center of Economic Research, Department of … - 2012
We examine how the final say in a sequence of proposals for local public project provision, financing, and redistribution can be channeled towards socially desirable outcomes, thereby breaking the dictatorial power of the last agenda-setter. Individuals are heterogeneous with some citizens...
Persistent link: https://www.econbiz.de/10010567258
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Competition and bargaining in wireless networks with spectrum leasing
GUIJARRO, Luis; PLA, Vicent; Tuffin, Bruno; MAILLÉ, Patrick - HAL - 2011
The case for a competitive market operated by a Mobile Network Operator (MNO) and a Mobile Virtual Network Operator …
Persistent link: https://www.econbiz.de/10010567981
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A model of microfinance with adverse selection, loan default, and self-financing
Batabyal, Amitrajeet A.; Beladi, Hamid - In: Agricultural Finance Review 70 (2010) May, pp. 55-65
Purpose – The purpose of this paper is to analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance...
Persistent link: https://www.econbiz.de/10008642028