Showing 1 - 10 of 189
Inspired by the social psychology literature, we study the implications of categorical thinking on decision making in the context of a large normal form game. Every agent has a categorization (partition) of her opponents and can only observe the average behavior in each category. A strategy...
Persistent link: https://www.econbiz.de/10014049187
We introduce a framework for modeling pairwise interactive beliefs and provide an epistemic foundation for Nash equilibrium in terms of pairwise epistemic conditions locally imposed on only some pairs of players. Our main result considerably weakens not only the standard sufficient conditions by...
Persistent link: https://www.econbiz.de/10010906693
The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It generally has a wide multiplicity of equilibria that we refine through stochastic stability. We show that, depending on how we define perturbations – i.e., possible mistakes...
Persistent link: https://www.econbiz.de/10010577244
In many economic situations, a player pursues coordination or anti-coordination with her neighbors on a network, but … issue by means of a simple framework in which players endowed with an idiosyncratic identity interact on a social network … of neighbors of the network. For high degrees of heterogeneity in the population the equilibria is such that every player …
Persistent link: https://www.econbiz.de/10011049725
This paper experimentally analyzes the effect of network structures on individualsʼ decisions in a game of strategic … individuals are able to coordinate on equilibria, but that coordination strongly depends on the network structure. Despite … frequent coordination failures, in graphs of size N=4 equilibrium play seems easier on network architectures with high (low …
Persistent link: https://www.econbiz.de/10011049842
We conduct an experiment in continuous time: every subject can change her links to others and her action in a Hawk–Dove game, which she plays bilaterally with each of her linked partners, at any time. We hypothesize that norms exist regarding who establishes and thus pays for links, and that...
Persistent link: https://www.econbiz.de/10011049851
We study network games under strategic complementarities. Agents are embedded in a fixed network. They choose a … positive, continuous action and interact with their network neighbors. Interactions are positive and actions are bounded from … throughout the entire network and uncover a general pattern of decreasing interdependence. …
Persistent link: https://www.econbiz.de/10011117134
inefficiently paying for redundant items. Typical examples are network connectivity problems when an existing (possibly inefficient …) network must be maintained. …
Persistent link: https://www.econbiz.de/10010931193
model can be interpreted either as a non-sequential search model or as a network model of price competition. We show that (i …
Persistent link: https://www.econbiz.de/10010608397
In this paper, we analyze the cost allocation problem when a group of agents or nodes have to be connected to a source, and where the cost matrix describing the cost of connecting each pair of agents is not necessarily symmetric, thus extending the well-studied problem of minimum cost spanning...
Persistent link: https://www.econbiz.de/10010597536