species, the reigning assumption in economic theory is that individuals optimize in an autarkic manner (as in Nash and …-Walras equilibria in terms of efficiency. While economists schooled in Nash equilibrium may view the Kantian behavior as utopian, there … Kantian behavior is more prevalent than we may think is supported by the efficiency results here demonstrated …

artificial intelligence may or may not be cooperative. We study the determinants and forms of algorithmic cooperation in the … infinitely repeated prisoner's dilemma. We run a sequence of computational experiments, accompanied by additional repeated … prisoner's dilemma games played by humans in the lab. We find that the same factors that increase human cooperation largely …

In this paper, we introduce a general framework for situations with decision making under uncertainty and cooperation …

In this paper we propose a new rule to allocate risk capital to portfolios or divisions within a firm. Specifically, we … of portfolios is defined as the expected loss of that set of portfolios in excess of the amount of risk capital allocated …

In this paper we propose a new rule to allocate risk capital to portfolios or divisions within a firm. Specifically, we … of portfolios is defined as the expected loss of that set of portfolios in excess of the amount of risk capital allocated …