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We consider a finite population of agents who exchange information and are paired every period to play a game with tension between risk dominance and Pareto efficiency. Agents sample past plays and corresponding payoffs from their information neighborhood, and choose one of two possible actions...
Persistent link: https://www.econbiz.de/10008865901
group, imitative learning results in the overall adoption of cooperation—efficient contagion. Key to this result is the … easier it is for efficient contagion to take place. We highlight the importance of cycles for efficient contagion, and show … that the presence of critical edges prevents it. We also find that networks organized as dense clusters sparsely connected …
Persistent link: https://www.econbiz.de/10011048186
Systemic risk among the network of international banking groups arises when financial stress threatens to crisscross many national boundaries and expose imperfect international coordination. To assess this risk, we use Rosvall and Bergstrom’s (PNAS, 2008, 1118-1123) information theoretic...
Persistent link: https://www.econbiz.de/10011131664
contagion models based on homogeneous and non-hierarchical networks. Also, results provide further evidence about financial … with evidence from other interbank markets and other financial networks regarding the flaws of traditional direct financial … networks’ self-organization emerging from complex adaptive financial systems. Our research contributes by (i) examining and …
Persistent link: https://www.econbiz.de/10011092945
: (1) by increasing the number of marriages; (2) by triggering fertility contagion: a woman, whether involved in a …
Persistent link: https://www.econbiz.de/10011098346
: (1) by increasing the number of marriages; and (2) by triggering fertility contagion: a woman, whether involved in a …
Persistent link: https://www.econbiz.de/10011109266
contagion, and show that the presence of critical edges prevents it. We also find that networks organized as dense clusters … seed group, imitative learning results in the overall adoption of cooperation — efficient contagion. Key to this result … seed group, the easier it is for efficient contagion to take place. We highlight the importance of cycles for efficient …
Persistent link: https://www.econbiz.de/10011161643
such as contagion processes. We use simulation methods and conduct a systematic analysis of the implications of such … imitation however, both information and interactions play important yet different roles in contagion. …
Persistent link: https://www.econbiz.de/10008462883
Persistent link: https://www.econbiz.de/10012253412
invoked by a debtor failure imposes a substantially enhanced bankruptcy risk on the creditors. The propagation mechanism is …
Persistent link: https://www.econbiz.de/10010320754