On the evolution of attitudes towards risk in winner-take-all games

Article Abstract:

The long-standing conjecture that winner-take-all games lead to the extinction of risk-averters and the survival of risk-takers was studied. It was observed that in many species, males' right to reproduce are determined by a form of winner-take-all. This leads to a hypothesis that suggests that males will evolve to be risk-takers. The argument that males are more of risk-takers than females is supported by psychological and sociological evidence. Up to what extent evolution leads to risk-taking is investigated using a model of preference-formation.

Research, Decision-making, Decision making, Risk-taking (Psychology), Risk taking

---

Decentralization in replicated club economies with multiple private goods

Article Abstract:

The exhaustion of blocking opportunities, which is achieved when there is no more higher equal-treatment utilities achievable by a trading group, is sufficient to decentralize core allocations in club economies as competitive equilibria. The research claims that the assumptions that are made avoid the restrictions faced by other club theories, such as the convexity of assumptions, the linearity of public goods, and the essentiality of private goods.

Economics, Research and Development in the Social Sciences and Humanities, Case studies

---

Clubs and the market: large finite economies

Article Abstract:

A model of a club economy with a continuum of agents is presented. It is demonstrated that club economies have many of the same positive features of exchange economies with a continuum of agents. It is argued that the continuum model is a good idealization of a finite club economy with a substantial number of agents.

Economic Views, Models, Analysis, Economic aspects, Economic policy, Equilibrium (Economics), Clubs, Clubs (Associations)

Similar abstracts:

• Abstracts: The prepayment-protection loan rides again. Market trends raise challenges. Loans around the world
• Abstracts: The evolution of the Russian pension system under economic crisis conditions. The concept of financial stability of the pension fund of Russia
• Abstracts: The effects of nonstationarities on performance in call markets. The quality of the signal matters - a note on imperfect observability and the timing of moves
• Abstracts: A naive but optimal route to Walrasian behavior in oligopolies
• Abstracts: Voluntary formation of communities for the provision of public projects. Conflict and cooperation: the structure of equilibrium payoffs in common agency

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.