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Using the author's own experiences, this chapter shows how agent-based modeling (ABM) can address research questions common to many disciplines, facilitate interdisciplinary collaboration, provide a useful multidisciplinary tool when the math is intractable, and reveal unity across disciplines....
Persistent link: https://www.econbiz.de/10014024372
Do large language models (LLMs) - such as ChatGPT 3.5, ChatGPT 4.0, and Google's Gemini 1.0 Pro - simulate human behavior in the context of the Prisoner's Dilemma (PD) game with varying stake sizes? This paper investigates this question, examining how LLMs navigate scenarios where...
Persistent link: https://www.econbiz.de/10015157997
'Gefangenendilemma' zu identifizieren. Die Teilnehmer werden gebeten, Strategien zu entwerfen, die an ihrer Stelle spielen sollen. Dabei …
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In a Cournot duopoly model in which exporters compete in a third market, this paper revisits the classical issue (dating back to the pioneering work of Brander and Spencer, Export Share and International Market Share Rivalry, 1985) of the strategic trade policy choice in the presence of the...
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We study environments in which agents are randomly matched to play a Prisoner's Dilemma, and each player observes a few of the partner's past actions against previous opponents. We depart from the existing related literature by allowing a small fraction of the population to be commitment types....
Persistent link: https://www.econbiz.de/10011753387
Existing research supports two opposing mechanisms through which positive mood might affect cooperation. Some studies have suggested that positive mood produces more altruistic, open and helpful behavior, fostering cooperation. However, there is contrasting research supporting the idea that...
Persistent link: https://www.econbiz.de/10011760094
The standard tool for analysing social dilemmas is game theory. They are reconstructed as prisoner dilemma games. This …
Persistent link: https://www.econbiz.de/10011582028