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We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat … coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for …
Persistent link: https://www.econbiz.de/10014062154
This paper studies fictitious play in networks of noncooperative two-player games. We show that continuous …-play property. As an extension, we consider networks in which each bilateral game is strategically zero-sum, a weighted potential …, which entails a generalization of Robinson's theorem to arbitrary zero-sum networks. Applications include security games …
Persistent link: https://www.econbiz.de/10011571263
This paper studies fictitious play in networks of noncooperative two-person games. We show that continuous … functions do not possess the continuous-time fictitious-play property. As extensions, we consider networks in which each … zero-sum networks. Applications include security games, conflict networks, and decentralized wireless channel selection. …
Persistent link: https://www.econbiz.de/10012018918
complementarity in actions, efficiency can be either associated to more sparse or denser networks, depending on the size of the …
Persistent link: https://www.econbiz.de/10011621465
into account the potential externalities networks produce. Once social ties are in place, these externalities shape the … norms are easily sustained in symmetric networks. By contrast, when an efficient interaction requires players to play …
Persistent link: https://www.econbiz.de/10011335196
equilibria consumers search less frequently in denser networks. Finally, when search costs are low the expected price and the …
Persistent link: https://www.econbiz.de/10011335197
We report the findings of experiments designed to study how people learn in network games. Network games offer new … opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their …
Persistent link: https://www.econbiz.de/10011884406
Persistent link: https://www.econbiz.de/10011805119
-like structures in real-life social networks. -- network formation ; stars ; heterogeneity ; laboratory experiments …
Persistent link: https://www.econbiz.de/10003115141
as agents have different payoffs. While they are prominent in reality, asymmetric networks do not emerge in the lab … sequentiality and fairness concerns, individuals coordinate on fair and efficient networks in homogeneous settings. Heterogeneity … impacts the network formation process by increasing the asymmetry of networks but does not decrease the level of fairness nor …
Persistent link: https://www.econbiz.de/10012982907