Showing 1 - 10 of 119,730
For games of simultaneous action selection and network formation, game-theoretic behavior and experimental observations … of the Hawk-Dove game with endogenous network formation and show that the repetition leads to additional equilibria … their strategy. Subjects only reach efficient outcomes if they first adapt their action and then their network. If they …
Persistent link: https://www.econbiz.de/10010369316
For games of simultaneous action selection and network formation, game-theoretic behavior and experimental observations … of the Hawk-Dove game with endogenous network formation and show that the repetition leads to additional equilibria … their strategy. Subjects only reach efficient outcomes if they first adapt their action and then their network. If they …
Persistent link: https://www.econbiz.de/10010884483
if the network is 2-connected: that is, if no player can prevent the flow of information to another. In contrast, the …
Persistent link: https://www.econbiz.de/10011674012
convergence is 1/T, regardless of the size of the network. In contrast, arbitrary n-person zero-sum games with bilinear payoff … requires a condition on bilateral payoffs or, alternatively, that the network is acyclic. Our results hold also for the …
Persistent link: https://www.econbiz.de/10012902571
I present a behavioural model of network formation with positive network externalities in which individuals have …
Persistent link: https://www.econbiz.de/10012919752
While infinitely repeated games with payoff discounting are theoretically isomorphic to randomly terminated repeated games without payoff discounting, in practice, they correspond to very different environments. The standard method for implementing infinitely repeated games in the laboratory...
Persistent link: https://www.econbiz.de/10013086077
starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple …Theoretical models on network formation focus mostly on the stability and efficiency of equilibria, but they cannot … stage in which the network is disrupted. This setting allows us to analyze the interplay between the need for farsightedness …
Persistent link: https://www.econbiz.de/10012014878
Three kinds of activities happen in a network: agents link or unlink; agents act; agents observe and learn. The … existing literature on network formation, on network games and on monitoring and learning in networks studies each of these in … are linked and (perhaps) from a public signal. We define a repeated network game and an equilibrium of this game. An …
Persistent link: https://www.econbiz.de/10012941465
The paper discusses community enforcement in infinitely repeated, two-action games with local interaction and uncertain monitoring. Each player interacts with and observes only a fixed set of opponents, of whom he is privately informed. The main result shows that when beliefs about the...
Persistent link: https://www.econbiz.de/10011675195
We develop a model of social preferences for network games and study its predictions in a local public goods game with … equilibrium set. How easily the requirements for preference compatibility are met crucially depends on a property of the network … centralized networks. All predictions are confirmed in an experiment. …
Persistent link: https://www.econbiz.de/10013341638