Showing 1 - 10 of 503
While folk theorems for dynamic renewable common pool resource games sustain cooperation as an equilibrium, the …
Persistent link: https://www.econbiz.de/10011262754
fosters cooperation. We study a population comprised of "thick-skinned" and "thin-skinned" agents by using an indirect … evolution model that combines rational choice in strategic interactions with evolutionary selection across generations. We find … ways in which rationality hinders the evolution of the relatively vulnerable and peaceful type of agent. …
Persistent link: https://www.econbiz.de/10008526974
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10011258906
Why is good good and bad bad? Kant's categorical imperative (KCI) and instrumental rationality are analyzed under the game-theoretical framework of the folk theorem. Prescribing different courses of action under the one-shot game, Kant's categorical imperative emerges as instrumentally rational...
Persistent link: https://www.econbiz.de/10011170133
In a contest with positional dynamics between an incumbent and a challenger i) inequality of power may magnify conflicts, ii) more severe conflicts can go together with lower turnover of incumbents, and iii) power can be self defeating as cost advantages can reduce pay-offs. These three...
Persistent link: https://www.econbiz.de/10005616742
Negli ultimi tempi, fra gli studiosi dei processi di formazione delle scelte pubbliche è in corso un interessante dibattito volto ad individuare le tecniche più appropriate per gestire in maniera efficace (ovvero in tempi rapidi e garantendo la stabilità e la durevolezza delle decisioni o...
Persistent link: https://www.econbiz.de/10008876650
We apply an indirect evolutionary approach to players' perceived prize valuations in contests. Evolution in finite …
Persistent link: https://www.econbiz.de/10008615029
Experimental evidence and field data suggest that agents hold two seemingly unrelated biases: failure to account for the fact that the behavior of others reflects their private information (“winner's curse”), and a tendency to value a good more once it is owned (“endowment effect”). In...
Persistent link: https://www.econbiz.de/10011259069
We model an assurance game played within a population with two types of individuals -- short-sighted and foresighted. Foresighted people have a lower discount rate than short sighted people. These phenotypes interact with each other. We define the persistent interaction of foresighted people...
Persistent link: https://www.econbiz.de/10005790237
evolutionary game theory (EGT). We shed some light on the potential contribution of Veblen's theory of socioeconomic evolution to … it can be applied as a tool for analyzing issues on the diversity, interaction, and evolution of social systems, we …
Persistent link: https://www.econbiz.de/10008839503