Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10001574701
Persistent link: https://www.econbiz.de/10001555893
Persistent link: https://www.econbiz.de/10001696037
We show that a cooperative outcome — one that is at least next-best for the players — is not a Nash equilibrium (NE) in 19 of the 57 2 x 2 strict ordinal conflict games (33%), including Prisoners’ Dilemma and Chicken. Auspiciously, in 16 of these games (84%), cooperative outcomes are...
Persistent link: https://www.econbiz.de/10014108979
We show that a cooperative outcome—one that is at least next-best for the players—is not a Nash equilibrium (NE) in 19 of the 57 2 x 2 strict ordinal conflict games (33%), including Prisoners' Dilemma and Chicken. Auspiciously, in 16 of these games (84%), cooperative outcomes are nonmyopic...
Persistent link: https://www.econbiz.de/10012921117
Persistent link: https://www.econbiz.de/10009756604
Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they "fall back" on their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If there is more than one fallback coalition, the...
Persistent link: https://www.econbiz.de/10008810998
Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they 'fall back' on their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If there is more than one fallback coalition, the...
Persistent link: https://www.econbiz.de/10013157458
We analyze a particular episode of a popular British TV game show, “Golden Balls,” in which one of the two contestants lied about what he intended to do, which had the salutary effect of inducing both contestants to cooperate in what is normally a Prisoners' Dilemma (PD), wherein one or both...
Persistent link: https://www.econbiz.de/10012845380
In the much-studied Centipede Game, which resembles the Iterated Prisoners' Dilemma, two players successively choose between (1) cooperating, by continuing play, or (2) defecting and terminating play. The subgame-perfect Nash equilibrium implies that play terminates on the first move, even...
Persistent link: https://www.econbiz.de/10012432181