Showing 1 - 6 of 6
We consider a finite population of agents who exchange information and are paired every period to play a game with tension between risk dominance and Pareto efficiency. Agents sample past plays and corresponding payoffs from their information neighborhood, and choose one of two possible actions...
Persistent link: https://www.econbiz.de/10008865901
In this paper, we investigate whether the Australian Football League (AFL) intervention policies coincided with a more even-playing field in the league, as captured by individual match margins. We find that only two out of the eight major policies implemented over the last hundred years are...
Persistent link: https://www.econbiz.de/10011186669
We develop a model of favor exchange in a network setting where the cost of performing favors is stochastic. For any given favor exchange norm, we allow for the endogenous determination of the network structure via a link deletion game. We characterize the set of stable as well as equilibrium...
Persistent link: https://www.econbiz.de/10011132589
We retraced the development of the network of those who participated in the 9/11 attacks through four stages: 1998-99, December 2000, May 2001 and August 2001. We established that throughout its development, the network had the characteristics of a small world. The implications of this result...
Persistent link: https://www.econbiz.de/10010897242
We consider a finite population of agents and define a contagion process as the dynamics by which an action, which is initially played by only a small subset of agents, is adopted by the entire population. Each agent has a set of neighbors with whom he shares information and a set of partners...
Persistent link: https://www.econbiz.de/10008542626
The network literature commonly neglects the importance of a clear distinction between interactions and information exchanges. Although convenient, this oversight is not innocuous and may lead to erroneous conclusions when looking at mechanisms such as contagion processes. We use simulation...
Persistent link: https://www.econbiz.de/10008462883