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Pittel, Karen; Rübbelke, Dirk - 2009

just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …

Persistent link: https://www.econbiz.de/10011753167

Decision Processes of a Suicide Bomber – Integrating Economics and Psychology

Pittel, Karen; Rübbelke, Dirk T. G. - 2009

This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …

Persistent link: https://www.econbiz.de/10011753170

Information Theory and the Role of Intermediaries in Corporate Governance

Schmidt, Reinhard H.; Tyrell, Marcel - 2004

We investigate the connection between corporate governance system configurations and the role of intermediaries in the respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to distinguish between internalisation and...

Persistent link: https://www.econbiz.de/10010263309

Do individuals recognize cascade behavior of others? An experimental study

Grebe, Tim; Schmid, Julia; Stiehler, Andreas - 2006

In an information cascade experiment participants are confronted with artificial predecessors predicting in line with the BHW model (Bikchandani et al. 1992). Using the BDM (Becker et al., 1964) mechanism we study participants' probability perceptions based on maximum prices for participating in...

Persistent link: https://www.econbiz.de/10010263660

The Herodotus Paradox

Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2010

The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete...

Persistent link: https://www.econbiz.de/10010272937

On the role of information in dynamic games of R&D

Stadler, Manfred - 1998

This paper analyzes the influence of Information structure on the process of knowledge accumulation in a differential game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and perfect information structures, we show that in the feedback...

Persistent link: https://www.econbiz.de/10010435516

A market game approach to differential information economies

Fugarolas, Guadalupe; Hervés-Beloso, Carlos; Moreno … - 2005

Persistent link: https://www.econbiz.de/10011807336

Efficient use of information and social value of information

Angeletos, George-Marios; Pavan, Alessandro - 2006

This paper analyzes equlibrium and welfare for a tractable class of economies (games) with externalities, strategic complementarity or substitutability, and heterogenous information. First, we characterize the equilibrium use of information; complementarity heightens the sensitivity of...

Persistent link: https://www.econbiz.de/10010282995

Cournot or Walras? Agent based learning, rationality, and long run results in oligopoly games

Riechmann, Thomas - 2002

and individual learning, the key parameter is shown to be the degree of rationality of the learning agents: Learning the … techniques, while the Walras strategy can be shown to be a particular 'low rationality result'. …

Persistent link: https://www.econbiz.de/10010317627

Skating on Thin Ice: Rule Changes and Team Strategies in the NHL

Banerjee, Anurag N.; Swinnen, Johan F. M.; Weersink, Alfons - 2006

In an effort to stimulate a more exciting and entertaining style of play, the National Hockey Association (NHL) changed the rewards associated with the results of overtime games. Under the new rules, teams tied at the end of regulation both receive a single point regardless of the outcome in...

Persistent link: https://www.econbiz.de/10010313277