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作者：Epstein, Larry G.; Seo, Kyoungwon
作者单位：Boston University; Northwestern University
摘要：We study the demand for flexibility and what it reveals about subjective uncertainty. As in Kreps [D. Kreps, 1979. A representation theorem for 'preference for flexibility'. Econometrica 47, 565-577], Nehring [K. Nehring, 1996. Preference for flexibility and freedom of choice in a Savage framework. UC Davis Working Paper: K. Nehring, 1999. Preference for flexibility in a Savage framework. Econometrica 67, 101-119] and Dekel et al. [E. Dekel, B. Lipman, A. Rustichini, 2001. Representing prefere...
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作者：Norman, Thomas W. L.
作者单位：University of Oxford
摘要：This paper demonstrates that inertia driven by switching costs leads to more rapid evolution in a class of games that includes m x m pure coordination games. Under the best-response dynamic and a fixed rate of mutation, the expected waiting time to reach long-run equilibrium is of lower order in the presence of switching costs, due to the creation of new absorbing states that allow Ellison's [Ellison, G., 2000. Basins of attraction, long-run stochastic stability, and the speed of step-by-step ...
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作者：Powell, Robert
作者单位：University of California System; University of California Berkeley
摘要：The strategic allocation of resources across multiple fronts has long been studied in the context of Blotto games in which two players simultaneously select their allocations. However many allocation problems are sequential. For example, a state trying to defend against a terrorist attack generally allocates some or all of its resources before the attacker decides where to Strike, This paper studies the allocation problem confronting a defender who must decide how to distribute limited resourc...
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作者：Weinstein, Alan; Kuhn, Harold; Goodman, Leo A.; McFadden, Dan; Sobel, Joel; Adler, Ilan; Feldman, Jacob; Alkan, Ahmet; Gale, Katharine; Dunning, Elizabeth; Watkiss, Samara; Gilbert, Roger; Birt, Jonathan; Ingham, Graham; Gilbert, Sandra M.
作者单位：University of California System; University of California San Diego; University of California System; University of California Berkeley; Princeton University; Sabanci University
