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This paper is a self-contained survey of algorithms for computing Nash equilibria of two-person games. The games may be given in strategic form or extensive form. The classical Lemke-Howson algorithm finds one equilibrium of a bimatrix game, and provides an elementary proof that a Nash...
Persistent link: https://www.econbiz.de/10014024500
I study the estimation of finite sequential games with perfect information. The major challenge in estimation is computation of high-dimensional truncated integration whose domain is complicated by strategic interaction. I show that this complication resolves when unobserved...
Persistent link: https://www.econbiz.de/10013115565
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://www.econbiz.de/10013092278
competition. We find that our selection criterion outperforms the other selection criteria …
Persistent link: https://www.econbiz.de/10013056468
electoral competition. We find that our selection criterion outperforms the other selection criteria …
Persistent link: https://www.econbiz.de/10013061709
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://www.econbiz.de/10013064382
I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has a range of applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other...
Persistent link: https://www.econbiz.de/10012928173
We consider a model of common-value sequential voting in which voters are differentiated in their information. We ask whether the intuition as in the simultaneous-voting case---voters with no information would vote so as not to influence the outcome---would be valid to imply long voting in our...
Persistent link: https://www.econbiz.de/10014239132
This paper introduces and analyzes sequentially stable outcomes in extensive games. An outcome ω is sequentially stable if for any ε 0, any version of the game where players make mistakes with small enough probability has a perfect ε-equilibrium with outcome close to ω. Unlike stable...
Persistent link: https://www.econbiz.de/10014364271
A distinctive feature of recent revolutions was the key role of social media (e.g. Facebook, Twitter and YouTube). We study the role of social media in mobilization. In a simple model we assume that while social media allow to observe all previous decisions, mass media only give aggregate...
Persistent link: https://www.econbiz.de/10010222344