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We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10015061969
The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a game theoretic framework. This paper proves the existence of a distribution that is a melioration strategy on the part of all players. Further, the question of stability of such a...
Persistent link: https://www.econbiz.de/10011539636
In order to assess climate mitigation agreements, we propose an iterative procedure linking TIAM-WORLD, a global …
Persistent link: https://www.econbiz.de/10011307265
Being competitive in a globalized world have several meanings according to the topic taken into account. This paper … our main question here is to catch the mental maps of the future elite, and to do it on a world scale. We realized an …
Persistent link: https://www.econbiz.de/10011332464
We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
Persistent link: https://www.econbiz.de/10010326923
This paper investigates the long-run economic relationship between health care expenditure and income in the world … using data on 167 countries over the period 1995-2012, collected from the World Bank data set. The analysis is carried using …
Persistent link: https://www.econbiz.de/10011555533
Purpose - The purpose of this study is to assess how incarcerations persist across the world. The focus is on 163 …
Persistent link: https://www.econbiz.de/10011956943
Registration of births, recording deaths by age, sex and cause, and calculating mortality levels and differentials are fundamental to evidence-based health policy, monitoring and evaluation. Yet few of the countries with the greatest need for these data have functioning systems to produce them...
Persistent link: https://www.econbiz.de/10009447936
interpreted as the world business cycle. The further components suggest the existence of a Scandinavian-Anglo-Saxon business cycle …
Persistent link: https://www.econbiz.de/10009448749
University-industry partnerships (UIPs) are widely viewed as essential in leveraging research capability and economic performance in organizations and the nation as a whole. In Australia, as in many other countries, the national government commits significant funds to such ‘strategic’...
Persistent link: https://www.econbiz.de/10009457450