a real‐effort laboratory experiment, we cleanly identify the causal effect of an early success in a competition. We …

beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show … effort coordination games, arms race, search, bargaining, etc., imitation cannot be beaten by much even by a very clever …

size. -- Bounded rationality ; Evolutionary game theory ; Imitation ; Better replies ; Markov chain ; Stochastic stability …

not predicted by conventional equilibrium theories. This phenomenon can be captured by a simple imitation model and by a … data from three new treatments to properly test the imitation model against the focal point notion. -- Laboratory …

the strategy with the highest average payoff in their observed local neighborhood (naïve imitation). The absorbing states …

relatively high investment cost and can only afford to invest in one area, it chooses a non-reporting method to avoid imitation … is not bound to profit too much from a successful imitation. Second, we find that, if an accounting regime change that … the imitation-useful information and even intimidate competitors …