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Best-response equilibrium: an equilibrium in finitely additive mixed strategies
A generalization of mixed strategy equilibrium is proposed, where mixed strategies need only be finitely additive and payoff functions are not...
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Bounded rationality for relaxing best response and mutual consistency: the quantal hierarchy model of decision making
While game theory has been transformative for decision making, the assumptions made can be overly restrictive in certain instances. In this work, we...
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Digital Strategy for Aid Agencies
This concluding chapter explores the key factors that have delayed the Bank’s and other aid agencies’ response to today’s fast-changing technological... -
Climate change in the Tunisian cities: lessons learned and best practices
The aim of this policy paper is to characterize the current situation of Tunisian municipalities in matters of climate change policies and actions...
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Develo** India’s First Transformation Strategy
This chapter covers an in-depth case study of Bank-client collaborative practice. The Bank financed a study of India’s software export strategy when... -
Mixed Strategy Nash Equilibrium
In previous chapters, we considered games that had at least one NE, such as the Prisoner’s Dilemma, the Battle of the Sexes, and the Chicken games.... -
stratEst: a software package for strategy frequency estimation
stratEst is a software package for strategy frequency estimation in the freely available statistical computing environment R (R Development Core Team...
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Evolutionary robustness of dominant strategy implementation
We consider dominant strategy implementation in a large population aggregative game. The model has strategic complementarities which generates...
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Pure strategy Nash equilibria for bargaining models of collective choice
This paper considers pure strategy Nash equilibria of non-cooperative legislative bargaining models. In contrast to existing legislative bargaining...
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Behavioural Organisational Strategy
Success in business depends crucially on an organisation’s choice of structure, objectives, and procedures. As organisations are run by humans, and... -
U.S. Industrial Transformation and the “How” of 21st Century Industrial Strategy
The U.S. policy paradigm has shifted in the first years of the Biden Administration toward a more robust industrial strategy. Over the next decade,...
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Vertical Strategy with Quality Differentiation in an Import-competing Market
We examine the vertical strategies of home and foreign manufacturers that produce quality-differentiated products. In contrast to previous results...
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Parameterised response zero intelligence traders
I introduce parameterised response zero intelligence (PRZI), a new form of zero intelligence (ZI) trader intended for use in simulation studies of...
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The Effects of Dynamic Strategy and Updating Network Structure Towards Customer Participation Innovation Performance
Customer participation is an external knowledge source that could be used for enterprise innovation. However, extant studies on the effect of...
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Investigating the failure to best respond in experimental games
We examine strategic sophistication using eight two-person 3 × 3 one-shot games. To facilitate strategic thinking, we design a ‘structured’...
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Equilibrium-based Workload Balancing for Robust Emergency Response Operation
This paper presents an equilibrium-based modeling framework for emergency response (ER) workload balancing for robust operations in metropolitan...
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Social Effects and the Implementation of Demand Response
Chapter 6 quantifies the social welfare effects of demand response nationwide using the results of... -
Customer preferences heterogeneity toward avocado: a latent class approach based on the best–worst scaling choice modeling
Consumption of the avocado fruit and its availability in the retail market has increased in recent decades and with it the desire to learn more about...
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The arbitrage strategy in the crude oil futures market of shanghai international energy exchange
This research conducts an empirical study on arbitrage opportunities in the crude oil futures market of Shanghai International Energy Exchange in the...
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Revisiting the ESG Agenda Requirements for the Corporate Strategy of Large Companies
The article outlines a possible approach to rethinking the corporate strategy of large companies in the context of ESG requirements. The...