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No abstract.
Persistent link: https://www.econbiz.de/10010611601
In the models of Young (1993a,b), boundedly rational individuals are recurrently matched to play a game, and they play myopic best replies to the recent history of play. It could therefore be an advantage to instead play a myopic best reply to the myopic best reply, something boundedly rational...
Persistent link: https://www.econbiz.de/10005190635
No abstract.
Persistent link: https://www.econbiz.de/10010818312
No abstract.
Persistent link: https://www.econbiz.de/10010818361
No abstract.
Persistent link: https://www.econbiz.de/10010818403
No abstract.
Persistent link: https://www.econbiz.de/10010685042
This paper examines equilibrium and stability in symmetric two-player cheap-talk games. In particular, we characterize the set of neutrally stable outcomes in finite cheap-talk 2 x 2 coordination games. This set is finite and functionally independent of risk-dominance relations. As the number of...
Persistent link: https://www.econbiz.de/10010600198