The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the twoplayer case with complete and incompete information, and in so doing identify what we call the “Herodotus Paradox.” ∗Correspondent: Michael R. Bay...

für Naturforschung in cooperation with the Max Planck Society for the Advancement of Science under a Creative Commons Attribution 4.0 International License. Dieses Werk wurde im Jahr 2013 vom Verlag Zeitschrift für Naturforschung in Zusammenarbeit mit der Max-Planck-Gesellschaft zur Förderung der Wissenschaften e.V. digitalisiert und unter folgender Lizenz veröffentlicht: Creative Commons Namen...

Similar to research on risky choice, the traditional analysis of intertemporal choice takes the view that an individual behaves so as to maximize the discounted sum of all future utilities. The well-known Allais paradox contradicts the fundamental postulates of maximizing the expected value or utility of a risky option. We describe a violation of the law of diminishing marginal utility as well ...

An intertemporal voting model is examined where, at each date, there is a pairwise majority vote between the existing chosen state and some other state, chosen randomly. Intertemporal voting simpli…es the strategic issues and the agenda setting is as unrestricted as possible. The possibility of cycles is examined, both in the intertemporal extension to the Condorcet paradox and in more general ...

You do not know who this Zhuangzi is, not even if it is the name of a man; you don’t know either what a shi or a cheng is. But on the basis of the author's authority, you believe that the sentence “Zhuangzi's principle is that you cannot get a shi without having a cheng” is true. You do not understand this sentence, for you do not know what it means, therefore you don't believe that Zhuangzi's ...

in Pakistan have repeatedly been involved in major terrorist incidents throughout the world, such as the September 11, 2001, attacks on New York and Washington and the 2005 London subway bombings.1 They regularly strike government, coalition, and civilian targets in Afghanistan, hampering efforts to stabilize the country. Also, they frequently target India, threatening to incite an Indo-Pakista...

The interpretation of von Neumann-Morgenstern stable sets in voting games has been debated by most political scientists. The present paper addresses the issue in a model that consists of an in nite sequence of repetitions of the standard committee game. The analysis of equilibrium processes leads to the following conclusion: When voters are farsighted, an alternative is the limit of an absorbin...

It is argued that the Allais paradox reveals a certain property of the decision scheme we use to determine the preference of one lottery over another. The decision scheme is based on the use of similarity relations on the probability and prize spaces. It is proved that for every pair of similarity relations there is essentially only one preference consistent with the decision scheme and the sim...

I this paper we examine the use of electronic patient records (EPR) by clinical specialists in their development of multidisciplinary care for diagnosis and treatment of breast cancer. We develop a practice theory lens to investigate EPR use across multidisciplinary team practice. Our findings suggest that there are oppositional tendencies towards diversity in EPR use and unity which emerges ac...