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the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria …
Persistent link: https://www.econbiz.de/10009752419
conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10011734522
conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10014180445
conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co … process level to the validity of modeling behavior using low-rationality reinforcement learning models. -- coordination …
Persistent link: https://www.econbiz.de/10009259730
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In this paper, we provide a theoretical prediction of the way in which adaptive players behave in the long run in normal form games with strict Nash equilibria. In the model, each player assigns subjective payoff assessments to his own actions, where the assessment of each action is a weighted...
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