When Do the Rich Win?

When do simple policies win?

We present a simple model of a debate between two interested parties which takes into account the complexity of their policy positions. The two debaters engage in all-pay-auctions to win slots of time/attention to present their positions to a decision maker. Complexity of a policy is modelled through the number of slots of attention needed to get the policy across. We show that when the number ...

Do Auction Bidders “Really” Want to Win the Item, or Do They Simply Want to Win?

This article describes three experiments designed to investigate the effects of competition and attachment on auction bidder behavior. For each study, in order to isolate bidders' desire to win the item from bidders’ desire to simply win the auction, we constructed survey experiments with participants divided into two groups. Both groups bid on a certificate that could be exchanged for an attra...

Management and Market Reactions to Litigation: Do Shareholders Win When the Company Loses?

Do quantum strategies always win?

In a seminal paper, Meyer[1] described the advantages of quantum game theory by looking at the classical penny flip game. A player using quantum strategy can win against a classical player almost 100% of the time. Here we make a slight modification of the quantum game, with the two players sharing an entangled state to begin with. We then analyse two different scenarios, one in which the quantu...

Treating hypertension: when to say win.

What do we really know about sympathetic outflow and blood pressure in humans? For example, in healthy normotensive young subjects, baseline sympathetic outflow can vary 2-fold to 3-fold.1,2 We also know that in healthy aging subjects, baseline sympathetic outflow can be increased dramatically with only a modest impact on vascular resistance and little or no impact on blood pressure.1 Additiona...