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We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …
Persistent link: https://www.econbiz.de/10010324179
A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the …
Persistent link: https://www.econbiz.de/10010270592
We consider a population of agents, either finite or countably infinite, located on an arbitrary network. Agents interact directly only with their immediate neighbors, but are able to observe the behavior of (some) other agents beyond their interaction neighborhood, and learn from that behavior...
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subjects switch from imitation of the most profitable rival to other behavior that, intentionally or otherwise, facilitates …
Persistent link: https://www.econbiz.de/10010288135
Abstract: Copy trading allows traders in social networks to receive information on the success of other agents in financial markets and to directly copy their trades. Internet platforms like eToro, ZuluTrade, and Tradeo have attracted millions of users in recent years. The present paper studies...
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A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian …
Persistent link: https://www.econbiz.de/10003593007