Zobrazeno 1 - 10
of 111
pro vyhledávání: '"Heller, Yuval"'
Coordination games admit two types of equilibria: pure equilibria, where all players successfully coordinate their actions, and mixed equilibria, where players frequently experience miscoordination. The existing literature shows that under many evolu
Externí odkaz:
http://arxiv.org/abs/2305.10301
We study the ability of a social media platform with a political agenda to influence voting outcomes. Our benchmark is Condorcet's jury theorem, which states that the likelihood of a correct decision under majority voting increases with the number of
Externí odkaz:
http://arxiv.org/abs/2206.14430
We study games in which the set of strategies is multi-dimensional, and new agents might learn various strategic dimensions from different mentors. We introduce a new family of dynamics, the recombinator dynamics, which is characterised by a single p
Externí odkaz:
http://arxiv.org/abs/2205.00278
We study the strategic advantages of coarsening one's utility by clustering nearby payoffs together (i.e., classifying them the same way). Our solution concept, coarse-utility equilibrium (CUE) requires that (1) each player maximizes her coarse utili
Externí odkaz:
http://arxiv.org/abs/2201.10141
Autor:
Heller, Yuval, Nehama, Ilan
Publikováno v:
Forthcoming in the Journal of Economic Theory (JET), 2023, virtual special issue on evolutionary game theory
We examine the evolutionary basis for risk aversion with respect to aggregate risk. We study populations in which agents face choices between alternatives with different levels of aggregate risk. We show that the choices that maximize the long-run gr
Externí odkaz:
http://arxiv.org/abs/2110.11245
Publikováno v:
In European Economic Review June 2024 165
The hawk-dove game admits two types of equilibria: an asymmetric pure equilibrium in which players in one population play hawk and players in the other population play dove, and an inefficient symmetric mixed equilibrium, in which hawks are frequentl
Externí odkaz:
http://arxiv.org/abs/2107.08423
Autor:
Heller, Yuval, Kuzmics, Christoph
Publikováno v:
In Games and Economic Behavior January 2024 143:51-76
Autor:
Berman, Ron, Heller, Yuval
We study interactions with uncertainty about demand sensitivity. In our solution concept (1) firms choose seemingly-optimal strategies given the level of sophistication of their data analytics, and (2) the levels of sophistication form best responses
Externí odkaz:
http://arxiv.org/abs/2010.15810
Publikováno v:
Economics Letters, Volume 181, August 2019, Pages 169-173
Black and Cox (1976) claim that the value of junior debt is increasing in asset risk when the firm's value is low. We show, using closed-form solution, that the junior debt's value is hump-shaped. This has interesting implications for the market-disc
Externí odkaz:
http://arxiv.org/abs/2006.15309