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Forges, Françoise - 2014

Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...

Persistent link: https://www.econbiz.de/10013055418

Bayesian repeated games and reputations

Forges, Françoise; Salomon, Antoine - 2014

Persistent link: https://www.econbiz.de/10010256693

Once beaten, never again : imitation in two-player potential games

Dürsch, Peter; Oechssler, Joerg; Schipper, Burkhard - 2012

We show that in symmetric two-player exact potential games, the simple decision rule "imitate-if-better" cannot be beaten by any strategy in a repeated game by more than the maximal payoff difference of the one-period game. Our results apply to many interesting games including examples like 2x2...

Persistent link: https://www.econbiz.de/10009569667

Strategic teaching and learning in games

Schipper, Burkhard - 2015

It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should … players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic …" or that "could learn itself". Rather, a player has an incentive to strategically teach such a learning opponent in order …

Persistent link: https://www.econbiz.de/10010516648

Strategic teaching and learning in games

Schipper, Burkhard - 2017

It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should … players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic … that could "learn itself". Rather, a player has an incentive to strategically teach such a learning opponent in order to …

Persistent link: https://www.econbiz.de/10011764914

The economics of transboundary river management

Ansink, Erik; Houba, Harold - 2014

We survey the economics of transboundary river water allocation, which emerged in the 1960s and has matured over the last decade due to increasing concerns over water scarcity and pollution. We outline the major approaches and pay specific attention to the strategic aspects of transboundary...

Persistent link: https://www.econbiz.de/10010412473

Alternating or compensating? : an experiment on the repeated sequential best shot game

Bruttel, Lisa Verena; Güth, Werner - 2013

In the two-person sequential best shot game, first player 1 contributes to a public good and then player 2 is informed about this choice before contributing. The payoff from the public good is the same for both players and depends only on the maximal contribution. Efficient voluntary cooperation...

Persistent link: https://www.econbiz.de/10010252393

Plato as a game theorist towards an international trade policy

Halkos, George E.; Kyriazēs, Nikos K.; Economou, … - In: Journal of risk and financial management : JRFM 14 (2021) 3/115, pp. 1-15

In the beginning of the second book of his Politeia (Republic) Plato in passage 2.358e-359a-c raises the issue of the administration of justice as a means of motivating people to behave fairly regarding their relationships and when cooperating with each other because, at the end, this is...

Persistent link: https://www.econbiz.de/10012485255

Preferences-dependent learning in the Centipede game

Gamba, Astrid; Regner, Tobias - 2015

learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …

Persistent link: https://www.econbiz.de/10011326679

The evolution of core stability in decentralized matching markets

Nax, Heinrich H.; Pradelski, Bary S. R.; Young, H. Peyton - 2013

simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …

Persistent link: https://www.econbiz.de/10009756276