Showing 1 - 10 of 109
Experimentalists frequently claim that human subjects playing games in the laboratory violate such solution concepts as …
Persistent link: https://www.econbiz.de/10005649156
This paper surveys the literature on group selection. I describe the early contributions and the group selection controversy. I also describe the main approaches to group selection in the recent literature; fixation, assortative group formation, and reproductive externalities.
Persistent link: https://www.econbiz.de/10010281286
Many previous experiments document that behavior in multi-person settings responds to the name of the game and the labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game study, we investigate whether social framing effects...
Persistent link: https://www.econbiz.de/10010286337
In the models of Young (1993a, b), boundedly rational individuals are recurrently matched to play a game, and they play myopic best replies to the recent history of play. It could therefore be an advantage to instead play a myiopic best reply to the myopic best reply, something boundedly...
Persistent link: https://www.econbiz.de/10005649167
This paper surveys the literature on group selection. I describe the early contributions and the group selection controversy. I also describe the main approaches to group selection in the recent literature; fixation, assortative group formation, and reproductive externalities.
Persistent link: https://www.econbiz.de/10005649512
Many previous experiments document that behavior in multi-person settings responds to the name of the game and the labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game study, we investigate whether social framing effects...
Persistent link: https://www.econbiz.de/10009323350
We propose a political theory for the slow adoption of technology in sports and other contests. We investigate players' preferences for new technology that improves contest accuracy. Modeling accuracy as the elasticity of "production" in a standard Tullock contest, we show that players may be...
Persistent link: https://www.econbiz.de/10011381250
finite n-player games, as the mutation rate tends to zero, only strategies in certain minimal sets closed under best replies … the distribution of her opponents' strategies. We prove that in finite n-player games, the limiting distribution will put …
Persistent link: https://www.econbiz.de/10010281156
It has been argued that having a contract market before the spot market enhances competition (Allaz and Vila, 1993). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to contract markets reduces the market power of generators....
Persistent link: https://www.econbiz.de/10010281160
is applied to finite and symmetric two-player games and we establish that honest communication and play of the Pareto …×n-coordination games. In particular, this holds even in Aumann's (1990) example of a Pareto dominant equilibrium that is not self-enforcing. …
Persistent link: https://www.econbiz.de/10010281162