Showing 31 - 40 of 234
In the much-studied Centipede Game, which resembles the Iterated Prisoners' Dilemma, two players successively choose between (1) cooperating, by continuing play, or (2) defecting and terminating play. The subgame-perfect Nash equilibrium implies that play terminates on the first move, even...
Persistent link: https://www.econbiz.de/10013200033
Many game-theoretic analyses of deterrence confirm the commonsense view that what determines whether a defender can effectively deter a challenger from an unwanted action is (1) the challenger’s perception of the level of punishment that the defender will be able to impose on the challenger...
Persistent link: https://www.econbiz.de/10014617988
It is well-known that non-cooperative and cooperative game theory may yield different solutions to games. These differences are particularly dramatic in the case of truels, or three-person duels, in which the players may fire sequentially or simultaneously, and the games may be one-round or...
Persistent link: https://www.econbiz.de/10005545731
Players are assumed to rank each other as coalition partners. Two processes of coalition formation are defined and illustrated: i) Fallback (FB): Players seek coalition partners by descending lower and lower in their preference rankings until some majority coalition, all of whose members...
Persistent link: https://www.econbiz.de/10005423068
Persistent link: https://www.econbiz.de/10005431676
Assume that voters must choose between voting yes (Y) and voting no (N) on three propositions on a referendum. If the winning combination is NYY on the first, second, and third propositions, respectively, the paradox of multiple elections is that NYY can receive the fewest votes of the 23 = 8...
Persistent link: https://www.econbiz.de/10005369244
Persistent link: https://www.econbiz.de/10005409342
A theoretical analysis of the probability of nuclear war is developed that assumes a starting probability and an annual reduction factor. Whatever the starting probability is, a constant reduction factor leads to an eventual probability that is less than 1, whereas the eventual probability goes...
Persistent link: https://www.econbiz.de/10011134608
Ordinally single-peaked preferences are distinguished from cardinally single-peaked preferences, in which all players have a similar perception of distances in some one-dimensional ordering. While ordinal single-peakedness can lead to disconnected coalitions that have a ‘hole’ in...
Persistent link: https://www.econbiz.de/10011135415
In U.S. presidential elections, voters in noncompetitive states seem not to count—and so have zero voting power, according to the Banzhaf and other voting-power indices—because they cannot influence the outcome in their states. But because the electoral votes of these states are essential to...
Persistent link: https://www.econbiz.de/10011108188