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Breaking the Symmetry: Optimal Conventions in Repeated Symmetric Games

Bhaskar, V. - EconWPA - 1997

-of-the-sexes. In repeated interaction, asymmetric coordination is possible possible via symmetric repeated game strategies. This … asymmetric continuation paths. The multiplicity of possible conventions gives rise to a coordination problem at a higher level if … the game is one of pure coordination. However, if there is a slight conflict of interest between players, a unique optimal …

Persistent link: https://www.econbiz.de/10005407601

A Globally Convergent Algorithm to Compute Stationary Equilibria in Stochastic Games

Herings, P.J.J.; Peeters, R. - EconWPA - 2001

Persistent link: https://www.econbiz.de/10005118534

Is Batting Last an Advantage?

Turocy, Theodore L. - EconWPA - 2003

This paper applies the theory of zero-sum stochastic games to assess the validity of baseball's ancient wisdom that batting last confers a strategic advantage. Results from numerical calculation of Markov perfect equilibrium suggest that the team that bats last will have an advantage if in fact...

Persistent link: https://www.econbiz.de/10005550863

An Experiment on the Value of Structural Information in a 2x2 Repeated Game

Mitropoulos, Atanasios - EconWPA - 2002

In experimental studies pairs that repeatedly play the simple coordination game mutual fate control may regularly fail …

Persistent link: https://www.econbiz.de/10005550889

On the Strategic Advantage of Negatively Interdependent Preferences

Kockesen, Levent; Ok, Efe A.; Sethi, Rajiv - EconWPA - 1997

We study certain classes of supermodular and submodular games which are symmetric with respect to material payoffs but in which not all players seek to maximize their material payoffs. Specifically, a subset of players have negatively interdependent preferences and care not only about their own...

Persistent link: https://www.econbiz.de/10005407587

Preference Evolution and Reciprocity

Sethi, Rajiv; Somanathan, E. - EconWPA - 1999

This paper provides an evolutionary theory of reciprocity as an aspect of preference interdependence. It is shown that reciprocal preferences, which place negative weight on the payoffs of materialists and positive weight on the payoffs of sufficiently altruistic individuals can invade a...

Persistent link: https://www.econbiz.de/10005550958

Asynchronous Evolution of Pairs - How spatial evolution leads to inequality

Kirchkamp, Oliver - EconWPA - 1995

We present a simple model of spatial evolution that avoids several problems that arise with more complex networks of players. We consider a world where pairs of players are matched forever. These players learn from the whole population but they are more likely to learn to strategies used by...

Persistent link: https://www.econbiz.de/10005118522

Interdependent Preference Formation

Kockesen, Levent; Ok, Efe A.; Sethi, Rajiv - EconWPA - 1997

A standard assumption in the economic approach to individual decision making is that people have independent preferences, that is, they care only about their absolute (material) payoffs. We study equilibria of the classic common pool resource extraction and public good games when some of the...

Persistent link: https://www.econbiz.de/10005118564

False Reputation in a Society of Players

Jackson, Matthew O.; Kalai, Ehud - EconWPA - 1997

Exploiting small uncertainties on the part of opponents, players in long, finitely repeated games can maintain false reputations that lead to a large variety of equilibrium outcomes. Even cooperation in a finitely repeated prisoners' dilemma is obtainable. Can such false reputations be...

Persistent link: https://www.econbiz.de/10005407541

Extensive-form games and strategic complementarities

Echenique, Federico - EconWPA - 2000

(less than 25 lines) I prove the subgame-perfect equivalent of the basic result for Nash equilibria in normal-form games of strategic complements: the set of subgame-perfect equilibria is a non-empty, complete lattice. For this purpose I introduce a device that allows the study of the set of...

Persistent link: https://www.econbiz.de/10005407571