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We test the assumption that preferences are unchanged throughout a strategic game in the absence of feedback. To do so, we study the relationship between the strategic nature of a game and players' identification in social groups. We present evidence that the strategic nature of the game affects...
Persistent link: https://www.econbiz.de/10015216398
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of strategic dependence a certain degree of aggressive behaviour remains within a given population...
Persistent link: https://www.econbiz.de/10015216520
We test the assumption that social preferences are unchanged throughout a one-shot strategic game. To do so, we study the relationship between the strategic nature of a game and identification in social groups. In our experiment, the subjects play one of two versions of the prisoner's dilemma...
Persistent link: https://www.econbiz.de/10015219095
We test the assumption that social preferences are unchanged throughout a one-shot strategic game. To do so, we study the relationship between the strategic nature of a game and identification in social groups. In our experiment, the subjects play one of two versions of the prisoner's dilemma...
Persistent link: https://www.econbiz.de/10015219539
A lie is an expression at deviance with the truth known or honestly believed by someone with an intention to deceive others for certain purpose, social or personal. An ability to lie might be evolutionary in nature possibly to help in survival, since it is found in the non-human world also. In...
Persistent link: https://www.econbiz.de/10015221765
This paper analyses the leader followership in monetary policy coordination in South Africa, together with the Advanced …, Developed and Emerging counties. The coordination of monetary policy in Advanced counties is examined in individual countries … while such coordination in Developed and Emerging countries is examined in groups of countries. These countries comprise …
Persistent link: https://www.econbiz.de/10015214072
People’s ability to coordinate on salient labels has been widely reported since Schelling. However, it is not known how players behave when label salience conflicts with payoff dominance. We consider such games by independently varying the two elements, focusing especially on cases where the...
Persistent link: https://www.econbiz.de/10015215045
This paper presents a model of oligopolistic competition under horizontal differentiation of products and a triangular distribution of consumers. The triangular distribution aims to represent a case of concentration of consumers around the central location. The main result is that a good deal of...
Persistent link: https://www.econbiz.de/10015215230
In this note we characterize the strategic implication of intrinsic correlation, introduced by Brandenburger and Friedenberg (2008), in the subjective correlated equilibrium setting of a complete information game. Intrinsic correlation restricts correlation devices to variables within the game,...
Persistent link: https://www.econbiz.de/10015215232
The restoration of seagrass meadows for the recuperation of macro and micro habitats in the area of Portinho da Arrábida is the objective of BIOMARES project, during 2007 and 2011, co-financed by Life-Nature European Commission Programme. But what is the added value of this initiative? This...
Persistent link: https://www.econbiz.de/10015215592