Suppose that in aggregative games, in which a player's payoff depends only on this player's strategy and on an aggregate of all players' strategies, the players are endowed with constant conjectures about the reaction of the aggregate to marginal changes in the player's strategy. The players...

Venture capital is a risky and long-term equity investment activity, and venture capitalists widely use the syndication, a jointly investment model, to finance entrepreneurial start-ups. And, the syndication’s successful operation is inseparable from trust between participants. Our paper...

Combining a system dynamic and agent based modeling approach, we formalize a simulation framework of the Human Development (HD) perspective. First, we build on Abdollahian et al. (2012) system dynamic asymmetric, coupled nonlinear differential equations that capture the core logic of HD theory,...

Minority games are a stylized description of strategic situations with both coordination and competition. These games are widely studied using either simulations or laboratory experiments. Simulations can show the dynamics of aggregate behavior, but the results of such simulations depend on the...

This paper considers evolutionarily stable decisions about whether to initiate violent confl ict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically con fined area, we use Schaffer' s (1988) concept of evolutionary stability....

The efficacy of monetary authority actions depends primarily on the ability of the monetary authority to affect inflation expectations, which ultimately depend on agents' trust. We propose a model embedding trust cycles, as emerging from sequential coordination games betwen atomistic agents and...

This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically confined area, we use Schaffer's (1988) concept of evolutionary stability. We...