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In the real world, many social and economic interactions are highly affected by coordination problems. These, in turn, emerge from the trial to dynamically organize strategies of collective action in complex contexts where agents and groups are heterogeneous and information is only imperfectly...
Persistent link: https://www.econbiz.de/10008592925
The present paper builds on Arrighetti e Curatolo, 2009, 2010 by introducing heterogeneous opportunists into an agent-based simulated world populated by heterogeneous loyal agents playing a repeated coordination game. On average, opportunistic exploitation of economic resources lowers...
Persistent link: https://www.econbiz.de/10008562560