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,......
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 ...
aAs previously mentioned, a bidder's equilibrium bidding strategy is influenced not only by his own private signal but also by the signals of others, which he can either directly 如早先被提及,出价战略的投标者的平衡影响不仅被他自己的私有信号,而且被其他的信号,他直接地能二者之一 [translate] ...
We discover two things: There is a unique strategic Nash equilibrium in the game of choosing forecast revision rates, and this equilibrium is sub-optimal in the sense that traders' earnings are not maximized an the market is inefficient. This strategic equilibrium is due to an analogue of the...
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Again, there is little agreement what a right answer may be. [14] argue that it is not enough to ”eyeball” the outputs of the two models. One of more interesting attempts at an answer is [99] (Chapter 8), where model equivalence is formalized as a ”weighted feature-matching” ...
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 ...
摘要: We present examples of symmetric two-player games admitting a unique Nash equilibrium and a unique evolutionarily stable strategy (ESS) and such that the ESS payoff is strictly higher than the Nash...关键词: Nash equilibrium Evolutionarily stable strategy Spiteful behavior C72 ...
We show that 'turn arounds', i.e. situations where the trailing player spends more effort and becomes the likely winner of the tournament, can be the outcome of a Nash equilibrium when the initial unevenness is known and players have reference-dependent preferences. Under certain conditions, ...
the Nash equilibrium of this game may be viewed as a realistic representation of physicians’ decision-making. Here, the Nash equilibrium is a scenario where none of the physicians benefit from unilaterally changing their behavior, and thus will tend to continue the same course of action. Therefor...