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This paper formulates the classic Monty Hall problem as a Bayesian game. Allowing Monty a small amount of freedom in his decisions facilitates a variety of solutions. The solution concept used is the Bayes Nash Equilibrium (BNE), and the set of BNE relies on Monty’s motives and incentives. We...
Persistent link: https://www.econbiz.de/10011709265
Knowing the gender of a counterpart can be focal in the willingness to collaborate in team settings that resemble the classic coordination problem. This paper explores whether knowing a co-worker's gender affects coordination on the mutually beneficial outcome in a socially risky environment. In...
Persistent link: https://www.econbiz.de/10013200101
This paper formulates the classic Monty Hall problem as a Bayesian game. Allowing Monty a small amount of freedom in his decisions facilitates a variety of solutions. The solution concept used is the Bayes Nash Equilibrium (BNE), and the set of BNE relies on Monty's motives and incentives. We...
Persistent link: https://www.econbiz.de/10011852697
Knowing the gender of a counterpart can be focal in the willingness to collaborate in team settings that resemble the classic coordination problem. This paper explores whether knowing a co-worker's gender affects coordination on the mutually beneficial outcome in a socially risky environment. In...
Persistent link: https://www.econbiz.de/10012547673
Two independent, but related, choice prediction competitions are organized that focus on behavior in simple two-person extensive form games (http://sites.google.com/site/extformpredcomp/): one focuses on predicting the choices of the first mover and the other on predicting the choices of the...
Persistent link: https://www.econbiz.de/10009752422
We introduce consistency of beliefs in the space of hierarchies of conditional beliefs (Battigalli and Siniscalchi) and use it to provide epistemic conditions for equilibria in finite multi-stage games with observed actions.
Persistent link: https://www.econbiz.de/10009752453
Reciprocal cooperation can be studied in the Centipede game, in which two players alternate in choosing between a cooperative GO move and a non-cooperative STOP move. GO sustains the interaction and increases the player pair's total payoff while incurring a small personal cost; STOP terminates...
Persistent link: https://www.econbiz.de/10011316544
We investigate whether tournament prizes that depend on joint output ("variable prize tournaments") can alleviate the sabotage problem which is otherwise inherent in tournament struc- tures. In a game-theoretical model with three contestants, we compare fixed-prize tournaments with tournaments...
Persistent link: https://www.econbiz.de/10014418051
This paper studies how the cost of delay and voting order affect agents' decisions in a unanimity voting mechanism. Specifically, we consider two-voter conclaves with commonly known preferences over two alternatives, the cost of delay, and the following novelty: each voter has a subjective...
Persistent link: https://www.econbiz.de/10014418159
In simple dyadic games such as rock, paper, scissors (RPS), people exhibit peculiar sequential dependencies across repeated interactions with a stable opponent. These regularities seem to arise from a mutually adversarial process of trying to outwit their opponent. What underlies this process,...
Persistent link: https://www.econbiz.de/10012649176