In line with the widely applied principle of just deserts, we assume that the severity of the penalty on a contract offender increases in the harm on the other. When this principle holds, the influence of the efficiency of the agreement on the incentives to abide by it crucially depends on whether actions are strategic complements or substitutes. With strategic substitutes, there is a conflict ...

We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to changes in strategic ambiguity. We find that subjects face higher ambiguity while playing against the gran...

A game is a model of interaction between 2 or more players (decision makers). The model includes the constraints on actions that players can take and the players’ interests, but does not specify the actions that the players do take. We start by defining strategic games in which each decision-maker chooses his plan of action once and for all (the game is played once), and these choices are made ...

Effective innovative activity of enterprises with the dynamic economic development is possible under the conditions of timely implementation of innovative projects that satisfy and meet the requirements of the external and internal environment and contribute to building up their own potential with the orientation of the enterprise activity on the long-term prospect of development. This contribu...

We analyse the verification problem for synchronous, perfect recall multi-agent systems with imperfect information against a specification language that includes strategic and epistemic operators. While the verification problem is undecidable, we show that if the agents’ actions are public, then verification is 2exptime-complete. To illustrate the formal framework we consider two epistemic and ...

The aim of this study is to design the excellence in Mobarakeh Steel Company's strategic knowledge management. To achieve this goal, the researcher has used qualitative and quantitative methods. Therefore, the research method is the mixed one. This study, based on the nature of the data and data collection procedure, is a descriptive, exploratory research. It follows and applies development obj...

Game theory outlines optimal response strategies during mixed-strategy competitions. The neural processes involved in choosing individual strategic actions, however, remain poorly understood. Here, we tested whether the superior colliculus (SC), a brain region critical for generating sensory-guided saccades, is also involved in choosing saccades under strategic conditions. Monkeys were free to ...

We study behavior and equilibrium selection in experimental network games. We vary two important factors: (a) actions are either strategic substitutes or strategic complements, and (b) subjects have either complete or incomplete information about the structure of a random network. Play conforms strongly to the theoretical predictions, providing an impressive behavioral confirmation of the Galeo...