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Rieger, Marc Oliver (contributor) - 2007

We study how the framework of classical game theory changes when the preferences of the players are described by … Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability … the validity of Prospect Theory as a descriptive model in human behavior …

Persistent link: https://www.econbiz.de/10003550861

Exposita Notes : Bayesian Learning and Convergence to Nash Equilibria Without Common Priors

Nyarko, Yaw - 1998

Consider an infinitely repeated game where each player is characterized by a "type" which may be unknown to the other players in the game. Suppose further that each player's belief about others is independent of that player's type. Impose an absolute continuity condition on the ex ante beliefs...

Persistent link: https://www.econbiz.de/10014060416

Selfish altruism, fierce cooperation and the emergence of cooperative equilibria from passing and shooting

Askitas, Nikos - 2014

There is continuing debate about what explains cooperation and self-sacrifice in nature and in particular in humans. This paper suggests a new way to think about this famous problem. I argue that, for an evolutionary biologist as well as a quantitative social scientist, the triangle of two...

Persistent link: https://www.econbiz.de/10010235846

Stochastic stability in finite extensive-form games of perfect information

Xu, Zibo - 2013

-backward-induction equilibria, and show how much extra payoff is needed to turn an equilibrium stochastically stable. -- evolutionary game theory …

Persistent link: https://www.econbiz.de/10009727120

Learning to coordinate : co-evolution and correlated equilibrium

Lee-Penagos, Alejandro - 2016

, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether …

Persistent link: https://www.econbiz.de/10011515836

Evolutionary stability of prospect theory preferences

Rieger, Marc Oliver - In: Journal of mathematical economics 50 (2014), pp. 1-11

Persistent link: https://www.econbiz.de/10010476887

Prospect dynamics and loss dominance

Sawa, Ryoji; Wu, Jiabin - In: Games and economic behavior 112 (2018), pp. 98-124

Persistent link: https://www.econbiz.de/10012174447

Evolutionarily Stable Strategies in Sports Contests

Grossmann, Martin - 2011

, I apply evolutionary game theory in a sports contest model. If clubs follow evolutionarily stable strategies (ESS), then …

Persistent link: https://www.econbiz.de/10013118880

Grant, William C. - In: Games 14 (2023) 3, pp. 1-16

In the game of rock-paper-scissors with three players, this paper identifies conditions for a correlated equilibrium that differs from the mixed strategy Nash equilibrium and is evolutionarily stable. For this to occur, the correlation device attaches more probability to three-way ties and...

Persistent link: https://www.econbiz.de/10014426258

Evolutionary stability in asymmetric oligopoly : a non-Walrasian result

Leininger, Wolfgang; Moghadam, Hamed M. - 2014

It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly market with finitely many firms approaches the perfectly competitive Walrasian market outcome (Vega-Redondo, 1997). However, in this paper we show that an asymmetric structure in...

Persistent link: https://www.econbiz.de/10010399434