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Cooperative game theory studies how to allocate the joint value generated by a set of players. These games are typically analyzed using the characteristic function form with transferable utility, which represents the value attainable by…

Theoretical Economics · Economics 2025-12-18 Ata Atay , Christian Trudeau

Using results from neurobiology on perceptual decision making and value-based decision making, the problem of decision making between lotteries is reformulated in an abstract space where uncertain prospects are mapped to corresponding…

Neurons and Cognition · Quantitative Biology 2020-01-03 Adnan Rebei

Opportunities, such as access to education or family background, shape income inequality by influencing the chances of economic success. Unequal opportunities create uncertainty about whether success is merit- or luck-based. We examine how…

General Economics · Economics 2025-03-03 Marcel Preuss , Germán Reyes , Jason Somerville , Joy Wu

We propose a game-theoretic framework that incorporates both incomplete information and general ambiguity attitudes on factors external to all players. Our starting point is players' preferences on payoff-distribution vectors, essentially…

Economics · Quantitative Finance 2017-04-04 Jian Yang

We all have preferences when multiple choices are available. If we insist on satisfying our preferences only, we may suffer a loss due to conflicts with other people's identical selections. Such a case applies when the choice cannot be…

Theoretical Economics · Economics 2023-02-21 Hiroaki Shinkawa , Nicolas Chauvet , Guillaume Bachelier , André Röhm , Ryoichi Horisaki , Makoto Naruse

Identifying and quantifying factors influencing human decision making remains an outstanding challenge, impacting the performance and predictability of social and technological systems. In many cases, system failures are traced to human…

We consider the two-sided stable matching setting in which there may be uncertainty about the agents' preferences due to limited information or communication. We consider three models of uncertainty: (1) lottery model --- in which for each…

Computer Science and Game Theory · Computer Science 2016-07-12 Haris Aziz , Péter Biró , Serge Gaspers , Ronald de Haan , Nicholas Mattei , Baharak Rastegari

We propose a novel model for refugee housing respecting the preferences of the accepting community and refugees themselves. In particular, we are given a topology representing the local community, a set of inhabitants occupying some…

Computer Science and Game Theory · Computer Science 2025-03-28 Dušan Knop , Šimon Schierreich

I study the relationship between the likelihood of a violent domestic conflict and the risk that such a conflict "externalizes" (i.e. spreads to another country by creating an international dispute). I consider a situation in which a…

General Economics · Economics 2021-03-04 Hector Galindo-Silva

We consider two-player iterated survival games in which players may switch from a more cooperative behavior to a less cooperative one at some step of the game. Payoffs are survival probabilities and lone individuals have to finish the game…

Populations and Evolution · Quantitative Biology 2021-02-18 Olivier Salagnac , John Wakeley

A collective-risk social dilemma implies that personal endowments will be lost if contributions to the common pool within a group are too small. Failure to reach the collective target thus has dire consequences for all group members,…

Physics and Society · Physics 2012-10-25 Xiaojie Chen , Attila Szolnoki , Matjaz Perc

Under panicky situation, human have tendency to rush toward a particular direction for escape. I show here that this tendency alone causes increase in crowding and which could eventually trigger jamming that is not preferable. Further, it…

Physics and Society · Physics 2007-05-23 R. V. R. Pandya

We study a variation of the minority game. There are N agents. Each has to choose between one of two alternatives everyday, and there is reward to each member of the smaller group. The agents cannot communicate with each other, but try to…

Trading and Market Microstructure · Quantitative Finance 2015-05-27 Deepak Dhar , V. Sasidevan , Bikas K. Chakrabarti

We consider a population of agents that are heterogeneous with respect to (i) their strategy when interacting $n_{g}$ times with other agents in an iterated prisoners dilemma game, (ii) their spatial location on $K$ different islands. After…

Physics and Society · Physics 2012-06-26 Frank Schweitzer , Laxmidhar Behera

The Brain Drain phenomenon is particularly heterogeneous and is characterized by peculiar specifications. It influences the economic fundamentals of both the country of origin and the host one in terms of human capital accumulation. Here,…

Physics and Society · Physics 2014-05-22 A. E. Biondo , A. Pluchino , A. Rapisarda

This paper models the US-China trade conflict and attempts to analyze the (optimal) strategic choices. In contrast to the existing literature on the topic, we employ the expected utility theory and examine the conflict mathematically. In…

General Economics · Economics 2020-10-26 Yuhan Zhang , Cheng Chang

For multiple emergencies caused by natural disasters, it is crucial to allocate resources equitably to each emergency location, especially when the availability of resources is limited in quantity. This paper has developed a multi-event…

Computer Science and Game Theory · Computer Science 2021-12-03 Rudrashis Majumder , Rakesh R Warier , Debasish Ghose

Most people are risk-averse (risk-seeking) when they expect to gain (lose). Based on a generalization of ``expected utility theory'' which takes this into account, we introduce an automaton mimicking the dynamics of economic operations.…

Statistical Mechanics · Physics 2009-11-07 C. Anteneodo , C. Tsallis , A. S. Martinez

Ergodicity describes an equivalence between the expectation value and the time average of observables. Applied to human behaviour, ergodic theories of decision-making reveal how individuals should tolerate risk in different environments. To…

This paper presents research comparing the effects of different environments on the outcome of an extended Prisoner's Dilemma, in which agents have the option to abstain from playing the game. We consider three different pure strategies:…

Computer Science and Game Theory · Computer Science 2016-08-18 Marcos Cardinot , Maud Gibbons , Colm O'Riordan , Josephine Griffith