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Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10011316651
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10014147951
A profit-maximizing auctioneer can provide a public good to at most one of a number of groups of agents. The groups may have non-empty intersections. Each group member has a private value for the good being provided to each group, which is not commonly known. We investigate an auction mechanism...
Persistent link: https://www.econbiz.de/10014065955
The aim of the present study is to construct a state feedback controller for a given linear system that minimizes the worst-case effect of an L 2 -bounded disturbance. Our setting is different from the usual framework of H1-theory in that we consider nonzero initial conditions. The situation is...
Persistent link: https://www.econbiz.de/10014143323
Trust and trust management represent the very foundations of Computer and Network Security Protocols enabling all cyber activities. The recent spate of national and global high-impact cyber security compromises threats, vulnerabilities and exposures leads to fundamental questioning of trust as...
Persistent link: https://www.econbiz.de/10014120820
Lies can have profoundly negative consequences for individuals, groups, and even for societies. Understanding how lying evolves and when it proliferates is therefore of significant importance for our personal and societal well-being. To that effect, we here study the sender-receiver game in...
Persistent link: https://www.econbiz.de/10014104926
Methods of statistical physics have proven valuable for studying the evolution of cooperation in social dilemma games …
Persistent link: https://www.econbiz.de/10014110768
Situations where people have to decide between hurting themselves or another person are at the core of many individual and global conflicts. Yet little is known about how people behave when facing these situations in the lab. Here we report a large (N=2.379) experiment in which participants...
Persistent link: https://www.econbiz.de/10013032270
show that in fact this class of games expresses all such lattices. In particular we prove that any lattice under set … strategic complements with no indifference. This fact then suggests an interesting way of studying some subclasses of games of … express. In the second part of the paper we study subclasses of binary games of strategic complements with no indifference …
Persistent link: https://www.econbiz.de/10013091333
Purpose: We aim to generalize the continuous-time principal-agent problem to incorporate time-inconsistent utility functions, such as those of mean-variance type, which are prevalent in risk management and finance. Design/methodology/approach: We use recent advancements of the Pontryagin maximum...
Persistent link: https://www.econbiz.de/10015163486