The American Economic Review, Volume 96American Economic Association., 2006 |
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Página 635
thinks the next player is going do so , and drop if he thinks the next player is going to drop . ( 2,2,2 ) pass 3 drop ( 0,0,1 ) pass 2 pass drop → ( 0,1,0 ) drop ( 1,0,0 ) The unique subgame - perfect equilibrium is clearly for all ...
thinks the next player is going do so , and drop if he thinks the next player is going to drop . ( 2,2,2 ) pass 3 drop ( 0,0,1 ) pass 2 pass drop → ( 0,1,0 ) drop ( 1,0,0 ) The unique subgame - perfect equilibrium is clearly for all ...
Página 1031
... players , they often learn to cooperate in the early periods of the supergame , but cooperation breaks down near the end of the supergame . So if other players are slow to learn to cooperate , then the rewards of cooperation will be ...
... players , they often learn to cooperate in the early periods of the supergame , but cooperation breaks down near the end of the supergame . So if other players are slow to learn to cooperate , then the rewards of cooperation will be ...
Página 1033
riod players were rematched with another partner . Players were assigned to one of the three experimental conditions ( deterministic , probabilistic , or deterministic payoffs with sunspots ) . We ran five sessions in the deter ...
riod players were rematched with another partner . Players were assigned to one of the three experimental conditions ( deterministic , probabilistic , or deterministic payoffs with sunspots ) . We ran five sessions in the deter ...
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agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumers consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent individual investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers zero