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Zeno's paradoxes of motion, which claim that moving from one point to another cannot be accomplished in finite time, seem to be of serious concern when moving towards an agreement is concerned. Parkinson's Law of Triviality implies that such an agreement cannot be reached in finite time. By...
Persistent link: https://www.econbiz.de/10015222043
In the current paper, we study the asymmetric normal-form game between two heterogeneous groups of populations by employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a stochastic differential cooperative game on time, is...
Persistent link: https://www.econbiz.de/10015233200
In the current paper, we study the asymmetric normal-form game between two heterogeneous groups of populations by employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a stochastic differential cooperative game on time, is...
Persistent link: https://www.econbiz.de/10015233259
In the current paper, we study the asymmetric normal-form game between two heterogeneous groups of populations by employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a stochastic differential cooperative game on time, is...
Persistent link: https://www.econbiz.de/10015234963
We introduce here the second volume of the Handbook of Game Theory and Industrial Organization, by L. C. Corchón and M. A. Marini (ed.), Edward Elgar, Cheltenam, UK and Northampton, MA, describing its main aim and its basic structure.
Persistent link: https://www.econbiz.de/10015257501
Aside from the calculating and always troublesome utilitarian ethic, a moral theory of value can better serve as a desirable form of the veil of ignorance analogy on the part of the arbitration of allocation procedures. Philosopher Soren Kierkegaard suggested a 'moral absolute' that achieves a...
Persistent link: https://www.econbiz.de/10015268692
In the present introductory work we propose an original analytical model of coopetitive game. We suggest possible general and feasible solutions; in particular, from a coopetitive perspective, we suggest compromise solutions - for our coopetitive game, by using Kalai-Smorodinsky method.
Persistent link: https://www.econbiz.de/10015244844
The purpose of this paper is to have in a simple and detailed way the significant results in theory of social choice and to study the resource sharing (goods or responsibilities) between petitioning agents in a proof of election. While analyzing social choice functions more in sight, we present...
Persistent link: https://www.econbiz.de/10015247732
Orthodox game theory is often criticized for its inability to single out intuitively compelling Nash equilibria in non-cooperative games. The theory of virtual bargaining, developed by Misyak and Chater (2014) suggests that players resolve non-cooperative games by making their strategy choices...
Persistent link: https://www.econbiz.de/10015251261
altruism, and (3) the possibility of sustained mutual cooperation in finitely repeated social dilemmas is affected by the …
Persistent link: https://www.econbiz.de/10009468335