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Quantal response equilibrium (QRE) has become a popular alternative to the standard Nash equilibrium concept in game theoretic applications. It is well known that human subjects do not regularly choose Nash equilibrium strategies. It has been hypothesized that subjects are limited by strategic...
Persistent link: https://www.econbiz.de/10014161501
Collective political action, such as protests, riots or social movements, requires the resolution of both cooperation and coordination problems. Solutions to these problems are widely seen to depend on the network that connects individuals to each other, because this network is a way for...
Persistent link: https://www.econbiz.de/10014165454
While much is known about citizens' decisions to trust others, much less is known about the cognitive mechanisms underlying these decisions. Thus, we analyze both the behavior and brain activity associated with these decisions by replicating well known experiments on trust with...
Persistent link: https://www.econbiz.de/10014212886