Exact(22)
Moderate presumptions give rise to equilibria in which productive effort and suit occur probabilistically.
Limited government and constitutionalism are manifestations of equilibria in which the administrators have the power to influence choices.
The model predicts both separating and pooling equilibria, in which signaling does and does not occur respectively.
There are equilibria in which the game ends fast without a fight, but there are also equilibria that can involve long fights.
We characterize all symmetric equilibria and show that there always exist equilibria in which auctions are in standard securities or their combinations.
"Discontinuities required a different version of Darwinian theory that of punctuated equilibria, in which long periods of change were punctuated by massive discontinuities," say the authors.
Similar(38)
We represent this situation with the following payoff matrix: Battle of the Sexes Payoff Matrix This game has two "pure" Nash equilibria: one in which both players go to Luigi's, the other in which both go to Fabio's.
Type III: The state vector converges to one of two possible equilibria, one in which only unit 1 is active and one in which only unit 2 is active.
Its precursive and subsequent steps are protolytic equilibria (acid base), in which the nucleophilic agent characteristic to the hydroxyl substrate is formed, or the carbanionic structure resulting from the addition is stabilized, respectively.
In that model, a manager can decide to file for Chapter 11 or Chapter 7 bankruptcy, and the results indicate that pooling equilibria exist in which efficient and inefficient bankrupt firms reorganize under chapter 11 and, therefore, Type I errors occur.
The formation of these so-called silica biomorphs is thought to rely on a coupling of chemical equilibria in solution, which drives concerted co-mineralization and self-assembly of components.
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