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This paper provides a new way to identify conditional cooperationin a real-time version of the standard voluntary contribution mechanism. Ourapproach avoids most drawbacks of the traditional procedures because it relieson endogenous cycle lengths, which are defined by the number of contributors...
Persistent link: https://www.econbiz.de/10005866399
Using examples for each type of model, we consider dynamic games, differential games, and simulation as alternative …. A simulation study based on a new model of adaptive, boundedly rational decision making, however, is shown not to be …
Persistent link: https://www.econbiz.de/10010239477
The present paper proposes a myopic, boundedly rational heuristic for individual decision-making in differential game settings. I demonstrate that this type of behaviour converges to Nash equilibrium in infinitely repeated stage games without a state variable if the stage game is strategically...
Persistent link: https://www.econbiz.de/10011812506
As computer science and complex network theory develop, non-cooperative games and their formation and application on complex networks have been important research topics. In the inter-firm innovation network, it is a typical game behavior for firms to invest in their alliance partners....
Persistent link: https://www.econbiz.de/10011418694
variety of market scenarios. An empirical game-theoretic methodology combines the advantages of simulation, agent …
Persistent link: https://www.econbiz.de/10014024377
policy cooperation. Results are based both on a theoretical study of the structure of the estimated model and a simulation …
Persistent link: https://www.econbiz.de/10013132355
Persistent link: https://www.econbiz.de/10010191416
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....
Persistent link: https://www.econbiz.de/10010366552
We introduce a framework to analyze the interaction of boundedly rational heterogeneous agents repeatedly playing a participation game with negative feedback. We assume that agents use different behavioral rules prescribing how to play the game conditionally on the outcome of previous rounds. We...
Persistent link: https://www.econbiz.de/10008729061
variety of market scenarios. An empirical game-theoretic methodology combines the advantages of simulation, agent …
Persistent link: https://www.econbiz.de/10012750399