Results 11 to 20 of about 851,914 (292)
Dynamic exploration for a predator-prey biosystem of two species with ratio-dependent functional response together with the capability for predation by both juvenile and adult stage of the predator is carried out; coupled with incentive from all the ...
Debasish Bhattacharjee +3 more
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Absolute Versus Relative Success: Why Overconfidence Creates an Inefficient Equilibrium [PDF]
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regarding its overall costs and benefits is mixed. To test the possibility that overconfidence might yield important relative benefits that offset its absolute costs, we conducted an experiment ( N = 298 university students) in which pairs of participants ...
Soldà, Alice +3 more
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Partnering Contracts and the Inefficient Nash Equilibrium [PDF]
This paper discusses partnering contracts in Denmark and Great Britain, analyses the legal content and applies game theory and the Prisoners’ Dilemma game on some of the legal clauses and objectives. The paper defines partnering contracts as alternative social contracts relevant when forming a strategic alliance or another long-term relationship with a
Tvarnø, Christina D. +1 more
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On Ramsey Equilibrium: Capital Ownership Pattern and Inefficiency [PDF]
The first sections of this paper represent an interesting contribution to the weak turnpike property in connection with the standard dynamic (periodic) model of Ramsey equilibrium and possible inefficiency of such equilibria and give a good overview about problems and results in this field (especially along Ramsey equilibrium paths).
Robert Becker +2 more
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Variational Inequality and Distributed Learning for a Bidding Game in Electricity Supply Markets
This study uses a game-theoretic analysis of bid-based electricity supply market equilibrium. Electricity supply markets are modeled as strategic interactions of bidders that supply electric power to the market and the bidders' pure strategies are the ...
Kwang-Ki K. Kim
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INTRODUCTION. This scientific article discusses the reaosns for inefficiency (“impotence”) of modern environmental law as a normative reaction to the “destruction of Nature”. The scope of the destruction of Nature has been broadening.
S. Plicanic
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Price of anarchy for Mean Field Games [PDF]
The price of anarchy, originally introduced to quantify the inefficiency of selfish behavior in routing games, is extended to mean field games. The price of anarchy is defined as the ratio of a worst case social cost computed for a mean field game ...
Carmona René +2 more
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A paradox of traffic and extra cars in a city as a collective behaviour
Promoting walking or cycling and reducing cars’ use is one of the city planners’ main targets, contributing to a sustainable transport method. Yet, the number of vehicles worldwide is increasing as fast as the population, and motorized mobility has ...
Rafael Prieto Curiel +3 more
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A Survey in Investor Herding Behavior With Trading Volume Approach in Tehran Stock Exchange [PDF]
Herd behavior by investors in capital markets is a behavioral bias that can cause to undesirable effects such as bubble, crash and high fluctuation in stock price.
Gholamhosein Golarzi, Aliasghar Ziyachi
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Equilibrium and Inefficiency in Fixed Rate Tenders [PDF]
The fixed rate tender is one of the main procedural formats relied upon by central banks in their implementation of monetary policy. This fact stands in a somewhat puzzling contrast to the prevalent view in the theoretical literature that the procedure, by fixing interest rate and quantity at the same time, does not allow a strategic equilibrium.
Christian Ewerhart +2 more
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