Bounded rational behaviour is commonly observed in experimental games and in real life situations. Neuroeconomics can help to understand the mental processing underlying bounded rationality and out-of-equilibrium behaviour. Here we report results from recent studies on the neural basis of...

It has often been noted that most of the major world religions espouse a version of the "golden rule." In this paper we consider the cultural evolution of such a doctrine, where the responsibility to act altruistically towards others applies universally, not just to other members of the same...

This article provides model of the retail gasoline market as multi-agent systems. The main factors, which affecting on the retail price of gasoline were determined. The authors found that using the agent approach, which takes into consideration the coalitions in the market, in particular, tacit...

This paper focuses on botnet economics and design of defensive strategies. It takes the view that by combining scarce information on the attackers’ business models, with rational economic analysis of these business processes, one can identify design rules for economic defense mechanisms which...

Early admissions is widely used by selective colleges and universities. We identify some basic facts about early admissions policies, including the admissions advantage enjoyed by early applicants and patterns in application behavior, and propose a game theoretic model that matches these facts....

This paper investigates the relationship between market share and promotional expenditures the long run. Using data that span a decade and 91 product categories we find that market shares are stationary for a majority of the products in the data base. We find that relative promotional...

This paper examines the use of game theory in educational sciences. It describes the evolution of game theory from the defining axioms of Von Neumann and Morgenstern in 1944 to the present. After the Introduction and this description, the third part presents the methodology used to select...