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Persistent link: https://www.econbiz.de/10011399354
In this paper we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility is limited and change over time. We completely characterize both short-run and long-run outcomes. There are...
Persistent link: https://www.econbiz.de/10013065359
Persistent link: https://www.econbiz.de/10011771449
In this article we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility are limited and changes over time. We completely characterize both short-run and long-run outcomes. There are...
Persistent link: https://www.econbiz.de/10011263923
We report on an experiment exploring whether and how players may learn to use a random device to coordinate on a correlated equilibrium that Pareto dominates the Nash equilibria of a two-player Battle of the Sexes game. By contrast with other studies exploring recommendations and correlated...
Persistent link: https://www.econbiz.de/10010878534