Free and perfectly safe but only partially effective vaccines can harm everyone [0.03%]
免费且绝对安全但仅部分有效的疫苗会对每个人造成伤害
Eduard Talamàs,Rakesh Vohra
Eduard Talamàs
Risk compensation can undermine the ability of partially-effective vaccines to curb epidemics: Vaccinated agents may optimally choose to engage in more risky interactions and, as a result, may increase everyone's infection probability. We s...
Laurent Bouton,Micael Castanheira,Aniol Llorente-Saguer
Laurent Bouton
The rational-voter model is often criticized on the grounds that two of its central predictions (the paradox of voting and Duverger's Law) are at odds with reality. Recent theoretical advances suggest that these empirically unsound predicti...
Christian Hilbe,Arne Traulsen,Karl Sigmund
Christian Hilbe
Within the class of memory-one strategies for the iterated Prisoner's Dilemma, we characterize partner strategies, competitive strategies and zero-determinant strategies. If a player uses a partner strategy, both players can fairly share th...
Shaping beliefs in experimental markets for expert services: Guilt aversion and the impact of promises and money-burning options [0.03%]
实验市场中塑造专家服务信念的机制：规避内疚以及承诺与烧钱选项的影响
Adrian Beck,Rudolf Kerschbamer,Jianying Qiu et al.
Adrian Beck et al.
In a credence goods game with an expert and a consumer, we study experimentally the impact of two devices that are predicted to induce consumer-friendly behavior if the expert has a propensity to feel guilty when he believes that he violate...
Paul W Glimcher,Michael C Dorris,Hannah M Bayer
Paul W Glimcher
Over the past half century economists have responded to the challenges of Allais [Econometrica (1953) 53], Ellsberg [Quart. J. Econ. (1961) 643] and others raised to neoclassicism either by bounding the reach of economic theory or by turnin...