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Extrapolation in games of coordination and dominance solvable games

Mengel, Friederike; Sciubba, Emanuela - 2010

are also able to learn structural properties of the games. -- Game Theory ; Learning ; Extrapolation …

Persistent link: https://www.econbiz.de/10008747644

Learning frames

Daskalova, Vessela; Vriend, Nicolaas J. - 2021

suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …

Persistent link: https://www.econbiz.de/10012608716

The rise and fall of the Great Fish Pact under endogenous risk of stock collapse

Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015

Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...

Persistent link: https://www.econbiz.de/10011287058

Stochastic stability in the best shot game

Boncinelli, Leonardo; Pin, Paolo - 2010

The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It has generally a wide multiplicity of equilibria that we refine through stochastic stability. In this paper we show that, depending on how we define perturbations, i.e. the...

Persistent link: https://www.econbiz.de/10008747116

On the stochasticity of ultimatum games

Qi, Tianxiao; Xu, Bin; Wu, Jinshan; Vriend, Nicolaas J. - 2021

games to learn to converge to the subgame perfect Nash equilibrium offer, as finding the optimal offer is a hard learning … probabilities (essentially eliminating the learning task) leads to somewhat lower offers, but still substantially above the monetary … related to the inherent stochasticity of typical UG experiments, highlighting a possible cause of such deviations that seems a …

Persistent link: https://www.econbiz.de/10012501306

Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions

Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016

A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the "discouragement effect." Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...

Persistent link: https://www.econbiz.de/10011473887

Incorporating fairness motives into the impulse balance equilibrium and quantal response equilibrium concepts : an application to 2x2 games

Tavoni, Alessandro - 2009

Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...

Persistent link: https://www.econbiz.de/10008811006

The effect of belief elicitation game play : conference paper

Hoffmann, Timo - 2014

The assumptions that subjects hold beliefs and that the chosen actions are not altered by a proper elicitation of these beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially controlling for different game properties, I find...

Persistent link: https://www.econbiz.de/10010487275

Climate policy commitment devices

Dengler, Sebastian; Gerlagh, Reyer; Trautmann, Stefan T.; … - 2017

We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a "libertarian" baseline condition, we find that policy...

Persistent link: https://www.econbiz.de/10011737571

Cheap talk with correlated signals

Chand, A. K. S.; Currarini, Sergio; Ursino, Giovanni - 2013

We consider a game of information transmission, with one informed decision maker gathering information from one or more informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the one sender case, we show that correlation...

Persistent link: https://www.econbiz.de/10010189326