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In the last years, many contributions have been exploring population learning in economies where myopic agents play bilateral games and are allowed to repeatedly choose their pure strategies in the game and, possibly, their opponents in the game. These models explore bilateral stage-games...
Persistent link: https://www.econbiz.de/10005345742
We consider the classical prisoner's dilemma being played repeatedly on a dynamic network, where agents may choose their actions as well as their co-players. Agents act profit-maximizing, fully rationally and base their decision only on local information. Individual decisions are made such that...
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In a series of papers, Schelling presented a microeconomic model of neighbourhood segregation that he called a "spatial proximity model". The model specifies a spatial setup in which the individual agents care only about the composition of their own local neighbourhood. Agents belong to two...
Persistent link: https://www.econbiz.de/10005537463
A well known problem in economics is to describe properly a situation where N agents are repeatedly competing to use the same limited resource. A version of this problem is known in the literature as the El Farol game: week after week N agents face the decision whether to go or not to go to a...
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The minimum effort coordination game uncovers the prevalence of a major economic problem, coordination failure. Involved in a game of imperfect information that displays a number of Pareto ranked equilibria, players (in laboratory experiments) do not choose the efficient, but the inefficient but...
Persistent link: https://www.econbiz.de/10005343017
We introduce neighborhood models that account for local spatial effects in Galam's model [1] of minority opinion spreading. This model describes the spread of a minority opinion, incorporating absic mechanisms of social inertia, resulting in democratic rejection of social reforms initially...
Persistent link: https://www.econbiz.de/10005345264