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Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...
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The novelty of our model is to combine models of collective action on networks with models of social learning. Agents are connected according to an undirected graph, the social network, and have the choice between two actions: either to adopt a new behavior or technology or stay with the default...
Persistent link: https://www.econbiz.de/10010227321
We consider a two-dimensional model of three species in rock-paper-scissors competition and study the self-organisation of the population into fascinating spiraling patterns. Within our individual-based metapopulation formulation, the population composition changes due to cyclic dominance...
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diffusion. We discuss some highlights from the empirical literature on the impact of networks on behaviors and diffusion. We …
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, learning and diffusion, and network games. I also include some background on social network characteristics and measurements …
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nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the …
Persistent link: https://www.econbiz.de/10011301155