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formation by means of stochastic stability techniques. We find that both the link cost and the trade-off between efficiency and …
Persistent link: https://www.econbiz.de/10010294802
formation by means of stochastic stability techniques. We find that both the link cost and the trade-off between efficiency and …-dominance ; stochastic stability …
Persistent link: https://www.econbiz.de/10009735339
Despite recent advances in reputation technologies, it is not clear how reputation systems can affect human cooperation in social networks. Although it is known that two of the major mechanisms in the evolution of cooperation are spatial selection and reputation-based reciprocity, theoretical...
Persistent link: https://www.econbiz.de/10011621316
We choose between alternatives without being fully informed about the rewards from different courses of action. In making our decisions, we use our own past experience and the experience of others. So the ways in which we interact - our social network - can influence our choices. These choices...
Persistent link: https://www.econbiz.de/10014025688
To commit credibly in bargaining is crucial: In the ultimatum game with its one–sided early commitment power the “proposer” gets (nearly) the whole pie while the“responder” is left with (almost) nothing. When both parties commit simultaneouslythe (a)symmetric Nash(1950)–bargaining...
Persistent link: https://www.econbiz.de/10005866908
their best responses is played. We show that Dekel, Ely and Yilankaya's result that stability of an outcome implies …2 games. We show that efficiency of any strategy also implies the stability of the outcome that it induces. This is in …
Persistent link: https://www.econbiz.de/10010272582
This study revisits the problem of the tragedy of the commons. Extracting agents participate in an evolutionary game in a complex social network and are subject to social pressure if they do not comply with the social norms. Social pressure depends on the dynamics of the resource, the network...
Persistent link: https://www.econbiz.de/10012952681
Situations that require individuals to mutually cooperate are often analysed as coordination games. This paper proposes a model of cooperative network formation where the network is formed through the process of the coordination game being played between multiple agents. Additionally, network...
Persistent link: https://www.econbiz.de/10012895261
In this paper we model the interaction between leaders, their followers and crowd followers in a coordination game with local interaction. The steady states of a dynamic best-response process can feature a coexistence of Pareto dominant and risk dominant actions in the population. The existence...
Persistent link: https://www.econbiz.de/10013285659
This study revisits the problem of the tragedy of the commons. Extracting agents participate in an evolutionary game in a complex social network and are subject to social pressure if they do not comply with the social norms. Social pressure depends on the dynamics of the resource, the network...
Persistent link: https://www.econbiz.de/10011672530