Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10003982466
A long-standing question in biology and economics is whether individual organisms evolve to behave as if they were striving to maximize some goal function. We here formalize the \as if" question in a patch-structured population in which individuals obtain material payoffs from (perhaps very...
Persistent link: https://www.econbiz.de/10011240607
Persistent link: https://www.econbiz.de/10014429922
Persistent link: https://www.econbiz.de/10013411407
Persistent link: https://www.econbiz.de/10015097555
We study a generic model of the war of attrition with symmetric information and stochastic payoffs that depend on a homogeneous linear diffusion. We first show that a player's mixed Markov strategy can be represented by an intensity measure over the state space together with a subset of the...
Persistent link: https://www.econbiz.de/10014443822
Persistent link: https://www.econbiz.de/10003973326
Persistent link: https://www.econbiz.de/10003953011
We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...
Persistent link: https://www.econbiz.de/10011380033
We introduce a form of pre-play communication that we call "preopening". During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...
Persistent link: https://www.econbiz.de/10012940661