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Parrondo's paradox is used extensively in game theory, and its application to engineering, population dynamics, [3] financial risk, etc., are areas of active research. Parrondo's games are of little practical use such as for investing in stock markets [ 10 ] as the original games require the payoff from at least one of the interacting games to ...
Lek paradox: Persistent female choice for particular male trait values should erode genetic variance in male traits and thereby remove the benefits of choice, yet choice persists. Lombard's paradox : When rising to stand from a sitting or squatting position , both the hamstrings and quadriceps contract at the same time, despite their being ...
Behavioral game theory. Behavioral game theory seeks to examine how people's strategic decision-making behavior is shaped by social preferences, social utility and other psychological factors. [1] Behavioral game theory analyzes interactive strategic decisions and behavior using the methods of game theory, [2] experimental economics, and ...
Traditionally, born in the purple[1] (sometimes "born to the purple") was a category of members of royal families born during the reign of their parent. This notion was later loosely expanded to include all children born of prominent or high-ranking parents. [2] The parents must be prominent at the time of the child's birth so that the child is ...
Ironic process theory (IPT), also known as the Pink elephant paradox [1] suggests that when an individual intentionally tries to avoid thinking a certain thought or feeling a certain emotion, a paradoxical effect is produced: the attempted avoidance not only fails in its object but in fact causes the thought or emotion to occur more frequently and more intensely. [2]
Harsanyi's utilitarian theorem. Politics portal. Economics portal. Mathematics portal. v. t. e. Arrow's impossibility theorem is a key result in social choice, discovered by Kenneth Arrow, showing that no ranked voting rule [note 1] can behave rationally. [1] Specifically, any such rule violates independence of irrelevant alternatives (IIA ...
Psychology portal. v. t. e. Personality psychology is a branch of psychology that examines personality and its variation among individuals. It aims to show how people are individually different due to psychological forces. [ 1 ] Its areas of focus include: Describing what personality is. Documenting how personalities develop.
The game is a type of bidding fee auction which is a discrete version of the war of attrition. Like these games, the dollar auction has a symmetric mixed strategy equilibrium (there are also asymmetric pure equilibria). Suppose we start with two players; player 1 moves in odd periods, while player 2 moves in even periods.