Payoff levels, loss avoidance, and equilibrium selection in the Stag Hunt: an experimental study

Game theorists typically assume that changing a game’s payoff levels—by adding the same constant to, or subtracting it from, all payoffs—should not affect behavior. While this invariance is an implication of the theory when payoffs mirror expected utilities, it is an empirical question when the “payoffs” are actually money amounts. In particular, if individuals treat monetary gains and losses differently, then payoff–level changes may matter when they result in positive payoffs becoming negative, or vice versa. We report the results of a human–subjects experiment designed to test for two types of loss avoidance: certain–loss avoidance (avoiding a strategy leading to a sure loss, in favor of an alternative that might lead to a gain) and possible–loss avoidance (avoiding a strategy leading to a possible loss, in favor of an alternative that leads to a sure gain). Subjects in the experiment play three versions of Stag Hunt, which are identical up to the level of payoffs, under a variety of treatments. We find differences in behavior across the three versions of Stag Hunt; these differences are hard to detect in the first round of play, but grow over time. When significant, the differences we find are in the direction predicted by certain– and possible–loss avoidance. Our results carry implications for games with multiple equilibria, and for theories that attempt to select among equilibria in such games

Helicoidal ordering in iron perovskites

We consider magnetic ordering in materials with negative charge transfer energy, such as iron perovskite oxides. We show that for a large weight of oxygen holes in conduction bands, the double exchange mechanism favors a helicoidal rather than ferromagnetic spin ordering both in metals, e.g. SrFeO_3 and insulators with a small gap, e.g. CaFeO_3. We discuss the magnetic excitation spectrum and effects of pressure on magnetic ordering in these materials.Comment: 4 pages, 5 figure

Locally Localized Gravity Models in Higher Dimensions

We explore the possibility of generalizing the locally localized gravity model in five space-time dimensions to arbitrary higher dimensions. In a space-time with negative cosmological constant, there are essentially two kinds of higher-dimensional cousins which not only take an analytic form but also are free from the naked curvature singularity in a whole bulk space-time. One cousin is a trivial extension of five-dimensional model, while the other one is in essence in higher dimensions. One interesting observation is that in the latter model, only anti-de Sitter ($AdS_p$) brane is physically meaningful whereas de Sitter ($dS_p$) and Minkowski ($M_p$) branes are dismissed. Moreover, for $AdS_p$ brane in the latter model, we study the property of localization of various bulk fields on a single brane. In particular, it is shown that the presence of the brane cosmological constant enables bulk gauge field and massless fermions to confine to the brane only by a gravitational interaction. We find a novel relation between mass of brane gauge field and the brane cosmological constant.Comment: 20 pages, LaTex 2e, revised version (to appear in Phys. Rev. D

Thermal Equilibria of Optically Thin, Magnetically Supported, Two-Temperature, Black Hole Accretion Disks

We obtained thermal equilibrium solutions for optically thin, two-temperature black hole accretion disks incorporating magnetic fields. The main objective of this study is to explain the bright/hard state observed during the bright/slow transition of galactic black hole candidates. We assume that the energy transfer from ions to electrons occurs via Coulomb collisions. Bremsstrahlung, synchrotron, and inverse Compton scattering are considered as the radiative cooling processes. In order to complete the set of basic equations, we specify the magnetic flux advection rate. We find magnetically supported (low-beta), thermally stable solutions. In these solutions, the total amount of the heating via the dissipation of turbulent magnetic fields goes into electrons and balances the radiative cooling. The low-$\beta$ solutions extend to high mass accretion rates and the electron temperature is moderately cool. High luminosities and moderately high energy cutoffs in the X-ray spectrum observed in the bright/hard state can be explained by the low-beta solutions.Comment: 24 pages, 10 figures,accepted for publication in Astrophysical Journa