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Social Games: Matching and the Play of Finitely Repeated Games

Jackson, Matthew O.; Watts, Alison - EconWPA - 2005

We examine a new class of games, which we call social games, where players not only choose strategies but also choose … players in different roles, among other things. We also examine finite repetitions of games where players may choose to … rematch in any period. Some equilibria of fixed-player repeated games cannot be sustained as equilibria in a repeated social …

Persistent link: https://www.econbiz.de/10005062336

Multigame models of innovation in evolutionary economics

Gagen, M. J. - EconWPA - 2003

We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets whereby the growing orderliness of firms potentiates a predictable progression of market exchange innovations which themselves become beneficial only with the growing orderliness...

Persistent link: https://www.econbiz.de/10005118538

On the Local Interaction of Money and Credit

Jin, Y.; Temzelides, T. - EconWPA - 1999

We study the emergence and coexistence of monetary and credit transactions in a model where exchange is decentralized. Agents belong to different villages which are informationally separated. The frequency of meetings between any two different villages decreases as their respective geographic...

Persistent link: https://www.econbiz.de/10005076754

Teaching Agent-Based Computational Economics to Graduate Students

Tesfatsion, Leigh - EconWPA - 1998

Agent-based computational economics (ACE) is the computational study of economies modelled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities arise from the bottom up, through the repeated local interactions of...

Persistent link: https://www.econbiz.de/10005076912

"How Economists Can Get Alife: Abbreviated Version"

Tesfatsion, Leigh - EconWPA - 1995

Artificial life (alife) is the bottom-up study of basic phenomena commonly associated with living agents, such as self- replication, evolution, adaptation, self-organization, exploitation, competition, cooperation, and social network formation. Alife complements the traditional biological and...

Persistent link: https://www.econbiz.de/10005076914

Agent-Based Computational Economics: A Brief Guide to the Literature

Tesfatsion, Leigh - EconWPA - 2000

Agent-based computational economics (ACE)is the computational study of economies modelled as evolving systems of autonomous interacting agents. This short paper is a brief guide to recent ACE research. For more information, visit the ACE Web site at http://www.econ.iastate.edu/tesfatsi/ace.htm....

Persistent link: https://www.econbiz.de/10005076919

Evolution, Coordination, and Banking Panics

Temzelides, Ted - EconWPA - 1995

I study equilibrium selection by an evolutionary process in an environment with multiple equilibria, one of which involves a banking panic. The analysis is built on a repeated version of the Diamod-Dybvig (1983) model. The optimal (run free) equilibrium is uniquely selected if it is also "risk...

Persistent link: https://www.econbiz.de/10005076968

Hide and Seek in Arizona

Rosenthal, Robert W.; Shachat, Jason; Walker, Mark - EconWPA - 2003

Laboratory subjects repeatedly played one of two variations of a simple two-person zero-sum game of ``hide and seek.'' Three puzzling departures from the prescriptions of equilibrium theory are found in the data: an asymmetry related to the player's role in the game; an asymmetry across the game...

Persistent link: https://www.econbiz.de/10005125561

Learning about Learning in Games through Experimental Control of Strategic Interdependence

Shachat, Jason; Swarthout, J. Todd - EconWPA - 2003

We conduct experiments in which humans repeatedly play one of two games against a computer decision maker that follows …

Persistent link: https://www.econbiz.de/10005125600

Scientific Revolution. A Farewell to EconWPA.

Harin, Alexander - EconWPA - 2005

A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...

Persistent link: https://www.econbiz.de/10005126070

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