Showing 1 - 10 of 2,534
zero effort) and not accepting (and exerting her optimal effort). In some cases, the competition between players and the …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012162502
The ultimatum heuristic is a decision-making tendency discernible in graphical plots of mixed-motive noncooperative games. As such, it can serve also as a solution approach, backsolving, predicting and explaining outcomes better than the mainstay Nash equilibrium concept whenever data for the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014079449
Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilibrium than individual decisions. We extend the analysis of inter-group versus inter-individual decision making by running both one-shot and repeated...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013092278
We introduce and analyze three definitions of equilibrium for finite extensive games with imperfect information and ambiguity averse players. In a setting where players' preferences are represented by maxmin expected utility, as characterized in Gilboa and Schmeidler (1989), our definitions...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013064382
We analyze the optimal choice of risk in a two-stage tournament game between two players that have different concave utility functions. At the first stage, both players simultaneously choose risk. At the second stage, both observe overall risk and simultaneously decide on effort or investment....
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010343932
We generalize Klumpp, Konrad and Solomon's model (KKS Model) to multi-contestant sequential Colonel Blotto Games with prize functions where any contestant's prizes only depend on this contestant's own number of winning rounds. We show that with weakly monotonic prize functions and CSFs...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013321925
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011688966
Persistent link: https://ebvufind01.dmz1.zbw.eu/10002071407
The paper defines a family of nested non-cooperative simultaneous finite games to study coalition structure formation … with intra and inter-coalition externalities. The novelties of the paper are: a definition of every games embeds a … coalition structure formation mechanism. Every game has two outcomes - an allocation of players over coalitions and a payoff …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012964183
The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous … implementable via interim coalition incentive compatible mechanisms if and only if the prior distribution of agents’ types satisfies … the Coalition Beliefs Determine Preferences (CBDP) property. When the CBDP property holds, these mechanisms can be …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013242607