Cyber attacks are a growing threat that undoubtedly cause significant loss to individuals. We know, however, surprisingly little about the true economic cost of such attacks. In this paper we estimate the value individuals put on their computer files by eliciting willingness to pay (WTP) and...

We illustrate one way in which a population of boundedly rational individuals can learn to play an approximate Nash equilibrium. Players are assumed to make strategy choices using a combination of imitation and innovation. We begin by looking at an imitation dynamic and provide conditions under...