Showing 1 - 10 of 5,435
We propose a meta-heuristic approach for solving nonlinear dynamic tracking games. In contrast to more "traditional" methods based on linear-quadratic (LQ) techniques, this derivative-free method is very flexible (e.g. to introduce inequality constraints). The meta-heuristic is applied to a...
Persistent link: https://www.econbiz.de/10011298509
Experimental and observational studies have highlighted the importance of agents being conditionally cooperative when facing a social dilemma. We formalize this mechanism in a theoretical model that portrays a small community having joint access to a common pool resource. The diffusion of norms...
Persistent link: https://www.econbiz.de/10010189315
This paper introduces the notion of mixed leadership in non-zero-sum differential games, where there is no fixed hierarchy in decision making with respect to the players. Whether a particular player is leader or follower depends on the instrument variable s/he is controlling, and it is possible...
Persistent link: https://www.econbiz.de/10014046271
We give a mechanism fully implementing envy-free divisions such that: strategy spaces are symmetric, the set of Nash equilibria is a global attractor for the best-reply dynamics. As a byproduct, undesired mixed-strategy equilibria are weeded out by the adjustment process
Persistent link: https://www.econbiz.de/10014217517
In this paper we consider the linear quadratic differential game for descriptor systems that have index one. We derive both necessary and sufficient conditions for existence of an open-loop Nash equilibrium
Persistent link: https://www.econbiz.de/10014219139
This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...
Persistent link: https://www.econbiz.de/10014155091
Is civil and criminal litigation a search for truth, like science or philosophy, or a game of skill and luck, like the game of poker? Although the process of litigation has been modeled as a Prisoner’s Dilemma, as a War of Attrition, as a Game of Chicken, and even as a simple coin toss, no one...
Persistent link: https://www.econbiz.de/10014162342
We examine contemporaneous perfect equilibria, in which a player's actions after every history, evaluated at the point of deviation from the equilibrium, must be within of a best response. This concept implies, but is not implied by Radner's ex ante perfect equilibrium. A strategy profile is a...
Persistent link: https://www.econbiz.de/10014118720
In this paper we assume that strategic payoffs are Normal distribution, and discuss how the parameters of Normal distributions affect the NE payoff distribution that is also concerned by players. We find that distortions of NE payoff distributions are dominated by the distance between variances...
Persistent link: https://www.econbiz.de/10014140978
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 leading to Nash equilibrium in all finite games that a...
Persistent link: https://www.econbiz.de/10012971885