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Equilibrium

Ken Binmore

in Natural Justice

Published in print:
2005
Published Online:
January 2007
ISBN:
9780195178111
eISBN:
9780199783670
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195178111.003.0004
Subject:
Economics and Finance, Microeconomics

After demolishing metaphysical notions of moral behavior, John Mackie's Inventing Right and Wrong argues that the way forward is through the study of anthropology and game theory. This chapter begins ... More


Measuring Social Norms and Preferences Using Experimental Games: A Guide for Social Scientist s

Colin F. Camerer and Ernst Fehr

in Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies

Published in print:
2004
Published Online:
January 2005
ISBN:
9780199262052
eISBN:
9780191601637
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199262055.003.0003
Subject:
Economics and Finance, Microeconomics

The work of the cross‐cultural behavioural experiments project presented in this book is rooted in the logic of game theory and the practices of experimental economics, and this chapter provides an ... More


 Seeking Refinement

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0014
Subject:
Economics and Finance, Microeconomics

This chapter offers a critical review of attempts to refine the idea of a Nash equilibrium. It begins by reiterating the arguments against a naïve interpretation of subgame-perfect equilibria using ... More


 Cutting a Deal

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0017
Subject:
Economics and Finance, Microeconomics

This chapter examines noncooperative bargaining models and links them with cooperative bargaining concepts in accordance with the Nash program. Following a discussion of what matters in real-life ... More


 Mixing Things Up

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0006
Subject:
Economics and Finance, Microeconomics

This chapter develops the idea of a mixed strategy using the entry into a sealed-bid auction as a non-trivial example. Reaction curves are first illustrated for the case of pure strategies and then ... More


The Roots of ABMS

Michael J. North and Charles M. Macal

in Managing Business Complexity: Discovering Strategic Solutions with Agent-Based Modeling and Simulation

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195172119
eISBN:
9780199789894
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195172119.003.0004
Subject:
Business and Management, Strategy

This chapter presents the history of agent-based modeling and simulation (ABMS) including John Conway's “Game of Life”, Thomas Schelling's housing segregation model, and John Holland's seven features ... More


Market Integration and Fairness: Evidence from Ultimatum, Dictator, and Public Goods Experiments in East Afric a

Jean Ensminger

in Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies

Published in print:
2004
Published Online:
January 2005
ISBN:
9780199262052
eISBN:
9780191601637
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199262055.003.0012
Subject:
Economics and Finance, Microeconomics

An analysis of the role of market integration and fairness in the responses of the Orma of northern Kenya in the Ultimatum, Dictator, and Public Goods Games is presented. The Orma are a ... More


Overview and Synthesis

Joseph Henrich, Robert Boyd, Samuel Bowles, Colin F. Camerer, Ernst Fehr, Herbert Gintis, and Richard McElreath

in Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies

Published in print:
2004
Published Online:
January 2005
ISBN:
9780199262052
eISBN:
9780191601637
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199262055.003.0002
Subject:
Economics and Finance, Microeconomics

A summary is given of the results obtained from all fifteen field sites of the cross‐cultural behavioural experiments project reported in the book and comparisons are made between them. Two lessons ... More


 Teaming Up

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0018
Subject:
Economics and Finance, Microeconomics

This chapter offers a brief survey of the theory of coalition formation introduced by Von Neumann and Morgenstern. The coalitional form of a game is defined and discussed. The idea of the core of a ... More


 Just Playing?

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0019
Subject:
Economics and Finance, Microeconomics

This chapter offers an approach to applying game theory to David Hume's ideas on moral philosophy. It begins by explaining how the Humean approach allows a different interpretation of experimental ... More


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