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Questioning about game theory as an institutionalism theory could seem unsound at first glance. In game theory, the very basic concept of players’ strategies is quite individualistic and really independent on any social constraint and other institutional consideration. On another hand, the...
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We examine the consequences on impairment testing disclosures of auditor-pair choice made by French listed companies where two (joint) auditors are required by law. Managers are likely to manipulate impairment-testing disclosures since it relies on unverifiable fair value estimates (e.g.,...
Persistent link: https://www.econbiz.de/10010706659
This paper proposes an equilibrium approach to belief manipulation and deception in which agents only have coarse knowledge of their opponent s strategy. Equilibrium requires the coarse knowledge available to agents to be correct, and the inferences and optimizations to be made on the basis of...
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Toward the late 1990s, several research groups independently began developing new, related theories in mathematical finance. These theories did away with the standard stochastic geometric diffusion "Samuelson" market model (also known as the Black-Scholes model because it is used in that most...
Persistent link: https://www.econbiz.de/10010708795
using the traditional two-part tariff contract alone cannot coordinate the supply chain well. Joining the two-part tariff … contract with the quality effort cost sharing model remains ineffective in managing the two-stage supply chain. To effectively … coordinate the channel members, we propose an innovative supply chain contract that integrates the endeavors of the manufacturer …
Persistent link: https://www.econbiz.de/10010709152
-evolving strategies and tactics of Chinese contract manufacturers and western OEMs, we use a simple game-theoretic framework of contract … manufacturer and OEM strategies to look at the actual tactics many Chinese contract manufacturers adopted. Our findings are that … Chinese contract manufacturers ended up co-operating, competing, or co-opetiting (i.e., cooperating and competing at the same …
Persistent link: https://www.econbiz.de/10010709162
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This paper tests whether strategic uncertainty employs circuits in the brain that encode risk and utility, or circuits that are involved in Theory of Mind (ToM). We compare participants’ decisions in a stag-hunt game with an equivalent choice between Bernoulli lotteries where the probabilities...
Persistent link: https://www.econbiz.de/10010719257