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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/10010312592
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
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/10010325308
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
real-life social networks. …
Persistent link: https://www.econbiz.de/10010267578
predominance of star-like structures in real-life social networks. …
Persistent link: https://www.econbiz.de/10010312556
deliver an understanding of why specific equilibrium networks are selected or whether they are all actually reachable from any …
Persistent link: https://www.econbiz.de/10012014878
are not in line: While theory typically predicts inefficient outcomes for (anti-)coordination games, experiments show that …
Persistent link: https://www.econbiz.de/10010252390