72 research outputs found

    Evolutionary dynamics of Lewis signaling games: signaling systems vs. partial pooling

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    Transfer of information between senders and receivers, of one kind or another, is essential to all life. David Lewis introduced a game theoretic model of the simplest case, where one sender and one receiver have pure common interest. How hard or easy is it for evolution to achieve information transfer in Lewis signaling?. The answers involve surprising subtleties. We discuss some if these in terms of evolutionary dynamics in both finite and infinite populations, with and without mutation

    Behavioral Finance im Private Banking

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    Activity and inactivity in a rent-seeking contest with private information

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    We consider a rent-seeking contest in which one player has private information about his own valuation of the prize. This valuation may be either high or low. All other players have a known and identical valuation of the prize. We present necessary and sufficient conditions under which the privately informed player exerts a positive or zero equilibrium effort. Copyright Springer Science + Business Media, Inc. 2006

    Perceptions of Inflation

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