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"Global threats of terrorism, drug-smuggling and other crimes have led to a significant increase in research on game theory for security. Game theory provides a sound mathematical approach to deploy limited security resources to maximize their effectiveness. A typical approach i…
Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? This book describes the economic experiments that explore notions of fairness, altruism and trust in economic transactions. It is suitable for students in …
Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? This book describes the economic experiments that explore notions of fairness, altruism and trust in economic transactions. It is suitable for students in …
"Are humans fair by nature? Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? Does this natural inclination towards fairness or trust have implications in the market-place? Traditional economic theory woul…
"Every day thousands of decisions are made by all kinds of committees, parliaments, councils and boards by a 'yes-no' voting process. Sometimes a committee can only accept or reject the proposals submitted to it for a decision. On other occasions, committee members have the poss…
