Can the Nash Equilibrium Predict the Outcomes of Military Battles?Nash's equilibrium is one of the most famous and widely used concepts of game theory. It has the ability to predict the best possible outcome based on the strategies of all the participating parties,...doi:10.1007/978-3-319-76765-9_10Celine C. RiplaL...
The dynamics of fluids near equilibrium can be well described by hydrodynamics whose history goes back more than 2000 years with the work On Floating Bodies by Archimedes. More recently, scientists discovered that strongly coupled ...
As impressive as this result is, there is a wide gulf between such theory and the realities of ABM. There are multiple reasons that bisimulation is inadequate for social simulation. The most important one is that bisimulation is too ”microscopic”: it requires the fact that every single move...
In part 1, under the assumption that all players are own-payoff maximizers, the unique subgame-perfect Nash equilibrium is for all subjects to keep their entire endowment. However, based on the evidence from previous public goods experiments, we expect there will be some voluntary contributions ...
The data covered the period 2013–2022 in multiple weather stations located near the major cities of Colombia, Spain and Germany (Supplementary Table 1). Because the transmission model had a time step of 1 week, we calculated weekly averages of Te and Td for inclusion as covariates in the ...
study is that the consequences of using such decision rules can differ from Nash predictions applied to a basic Hotelling's model under full information: for instance, the use of a TC decision rule under full information leads to maximally differentiate while minimal differentiation would be ...
Game Theory can be used to win chess using Zermelo’s, Nash Equilibrium and Prisoner’s Dilemma strategies to make a chess Game Tree. For half a millennia, chess has been a favorite pastime (or obsession) among war strategists, geniuses and anyone who values the art of competition. Today...
The classic example would be the case of entrepreneurs who need to establish multiple interlinkages (productive relations) to be able to start and operate a venture (Basu2010). In the theoretical model, individuals choose between entering activities which require establishing productive relations and ...
Again the Nash equilibrium for such a curve can only be determined numerically from Eq. (4). Evolutionary Dynamics of Strategies So far, we have calculated the optimal strategies of players given a certain risk scenario. However, it may be problematic to assume that players would immediately ...
Ecosystems are continuously pressed by a multitude of driving forces (multiple stressors) while suffering stochastic perturbations that momentarily force them out of equilibrium (e.g., storms, heatwaves, point-source pollution events). Thus, this combination could be considered as a fruitful ...