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coordination with each other and can also dynamically break and redirect links to neighbors if they are unsatisfied. As a result … model to the class of pure and general coordination games. For pure coordination games, the networks co-evolve towards the … polarization of different strategies. In the case of general coordination games our results show that the possibility of refusing …
Persistent link: https://www.econbiz.de/10009751970
We survey the recent literature on coordination games, where there is a conflictbetween risk dominance and payoff …
Persistent link: https://www.econbiz.de/10009752447
In this paper, we provide a theoretical prediction of the way in which adaptive players behave in the long run in normal form games with strict Nash equilibria. In the model, each player assigns subjective payoff assessments to his own actions, where the assessment of each action is a weighted...
Persistent link: https://www.econbiz.de/10010240826
prospects of cooperation, and to different degrees. In coordination games, morality can eliminate socially inefficient …
Persistent link: https://www.econbiz.de/10011771133
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … collaborate. The results show that as costs of forming links increase, groups succeed less often in solving the coordination …
Persistent link: https://www.econbiz.de/10009752455
This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A huge amount of research shows that players do not behave in an economically rational way in the ultimatum game, and emotional mechanisms have been proposed as a possible...
Persistent link: https://www.econbiz.de/10009752858
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds …
Persistent link: https://www.econbiz.de/10010240906
We discuss the strategy that rational agents can use to maximize their expected long-term payoff in the co-action minority game. We argue that the agents will try to get into a cyclic state, where each of the (2N+1) agents wins exactly N times in any continuous stretch of (2N+1) days. We propose...
Persistent link: https://www.econbiz.de/10011849525
We elicit individual-level peer-punishment types in a cooperation (social dilemma) and a coordination (weakest link …
Persistent link: https://www.econbiz.de/10011891062
We analyze dynamic local interaction in population games where the local interaction structure (modeled as a graph) can change over time: A stochastic process generates a random sequence of graphs. This contrasts with models where the initial interaction structure (represented by a deterministic...
Persistent link: https://www.econbiz.de/10009751969