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作者：Hill, Brian
作者单位：Hautes Etudes Commerciales (HEC) Paris; Centre National de la Recherche Scientifique (CNRS)
摘要：Many real-life decisions have to be taken on the basis of probability judgements of which the decision maker is not entirely sure. This paper develops a decision rule for taking such decisions, which incorporates the decision maker's confidence in his probability judgements according to the following maxim: the larger the stakes involved in a decision, the more confidence is required in a probability judgement for it to play a role in the decision. A formal representation of the decision maker...
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作者：Mathevet, Laurent; Taneva, Ina
作者单位：University of Texas System; University of Texas Austin
摘要：This paper studies supermodular mechanism design in environments with arbitrary (finite) type spaces and interdependent valuations. In these environments, the designer may have to use Bayesian equilibrium as a solution concept, because ex-post implementation may not be possible. We propose direct (Bayesian) mechanisms that are robust to certain forms of bounded rationality while controlling for equilibrium multiplicity. In quasi-linear environments with informational and allocative externaliti...
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作者：Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; Sutter, Matthias
作者单位：University of Innsbruck; Radboud University Nijmegen; University of Innsbruck; University of Gothenburg
摘要：In a credence goods game with an expert and a consumer, we study experimentally the impact of two devices that are predicted to induce consumer-friendly behavior if the expert has a propensity to feel guilty when he believes that he violates the consumer's payoff expectations: (i) an opportunity for the expert to make a non-binding promise; and (ii) an opportunity for the consumer to burn money. In belief-based guilt aversion theory the first opportunity shapes an expert's behavior if an appro...
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作者：Hernandez, Penelope; Munoz-Herrera, Manuel; Sanchez, Angel
作者单位：University of Valencia; University of Groningen; Universidad Carlos III de Madrid; University of Zaragoza
摘要：In many economic situations, a player pursues coordination or anti-coordination with her neighbors on a network, but she also has intrinsic preferences among the available options. We here introduce a model which allows to analyze this issue by means of a simple framework in which players endowed with an idiosyncratic identity interact on a social network through strategic complements or substitutes. We classify the possible types of Nash equilibria under complete information, finding two thre...
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作者：Trautmann, Stefan T.; Zeckhauser, Richard J.
作者单位：Tilburg University; Harvard University
摘要：Financial, managerial, and medical decisions often involve alternatives whose possible outcomes have uncertain probabilities. In contrast to alternatives whose probabilities are known, these uncertain alternatives offer the benefits of learning. In repeat-choice situations, such learning brings value. If probabilities appear favorable (unfavorable), a choice can be repeated (avoided). In a series of experiments involving bets on the colors of poker chips drawn from bags, decision makers often ...
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作者：Auster, Sarah
作者单位：European University Institute
摘要：This paper introduces asymmetric awareness into the classical principal-agent model and discusses the optimal contract between a fully aware principal and an unaware agent. The principal enlarges the agent's awareness strategically when proposing a contract and faces a tradeoff between participation and incentives. Leaving the agent unaware allows the principal to exploit the agent's incomplete understanding of the world, relaxing the participation constraint, while making the agent aware enab...
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作者：Candogan, Ozan; Ozdaglar, Asuman; Parrilo, Pablo A.
作者单位：Massachusetts Institute of Technology (MIT)
摘要：We consider discrete-time learning dynamics in finite strategic form games, and show that games that are close to a potential game inherit many of the dynamical properties of potential games. We first study the evolution of the sequence of pure strategy profiles under better/best response dynamics. We show that this sequence converges to a (pure) approximate equilibrium set whose size is a function of the distance to a given nearby potential game. We then focus on logit response dynamics, and ...
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作者：Masatlioglu, Yusufcan; Uler, Neslihan
作者单位：University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要：This paper explores how a change in a default-specifically, an exogenously given reference point affects individual preferences. While reference dependence is extensively studied, very little is known regarding the impact of reference points on individual choice behavior when the reference points themselves are not chosen (Reference Effect). We identify critical properties that differentiate between classes of reference-dependent models and test them. We find that the reference effect exists f...
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作者：Yang, Jian; Qi, Xiangtong
作者单位：Rutgers University System; Rutgers University New Brunswick; Hong Kong University of Science & Technology
摘要：We introduce the nonatomic supermodular game, where no player's action has any discernible impact on other players' payoffs and yet strategic complementarities prevail among all players' types and actions. For both semi-anonymous and anonymous games, we show that monotone equilibria form nonempty complete lattices and among these equilibria, the largest and smallest members vary in monotone fashions with respect to certain game-changing parameters. Results here complement existing nonatomic-ga...
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作者：Alcalde, Jose; Dahm, Matthias
作者单位：Universitat d'Alacant; Universitat Rovira i Virgili; Universitat Rovira i Virgili
摘要：We propose a new procurement procedure that allocates shares of the total amount to be procured depending on the bids of suppliers. Among the properties of the mechanism are the following: (i) Bidders have an incentive to participate in the procurement procedure, as equilibrium payoffs are strictly positive. (ii) The mechanism allows variations in the extent to which affirmative action objectives, like promoting local industries, are pursued. (iii) Surprisingly, even while accomplishing affirm...
