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Imitation and the role of information in overcoming coordination failures
Alós-Ferrer, Carlos; Weidenholzer, Simon - In: Games and economic behavior 87 (2014), pp. 397-411
Persistent link: https://www.econbiz.de/10011304942
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Long-run equilibria, dominated strategies, and local interactions
Weidenholzer, Simon - In: Games and Economic Behavior 75 (2012) 2, pp. 1014-1024
We revisit a result by Kim and Wong (2010) showing that under global interactions any strict Nash equilibrium of a coordination game can be supported as long run equilibrium by properly adding dominated strategies. We show that in the circular city model of local interactions and in the torus...
Persistent link: https://www.econbiz.de/10011049774
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Equilibrium selection under different learning modes in supermodular games
Kaarbøe, Oddvar M.; Tieman, Alexander F. - 1999
games when two simplebehavior rules coexist in the population, imitation and myopic optimization.We assume that myopic …
Persistent link: https://www.econbiz.de/10011302143
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Learning and cooperation in network experiments
Kirchkamp, Oliver; Nagel, Rosemarie - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2005
of a learning model. We test robustness of the eastimator. We find that imitation, albeit a driving force in many models …In this paper we study learning and cooperation in repeated prisoners' dilemmas experiments. We compare interaction …
Persistent link: https://www.econbiz.de/10005761177
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Diffusion by imitation: the importance of targeting agents
Tsakas, Nikolas - Action IS1104 "The EU in the new complex geography of … - 2014
We study the optimal targeting strategy of a planner who seeks to maximize the diffusion of an action in a society where agents imitate successful past behavior of others. The agents face individual decision problems under uncertainty and interact locally, so that each agent affects only his...
Persistent link: https://www.econbiz.de/10011143870
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Coordination Games and Local Interactions: A Survey of the Game Theoretic Literature
Weidenholzer, Simon - In: Games 1 (2010) 4, pp. 551-585
best reply learning in multiple location models and in a network formation context. Further, we discuss imitation learning … local interactions. Amongst others, we discuss best reply learning in a global- and in a local- interaction framework and …
Persistent link: https://www.econbiz.de/10008756384
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Learning and convergence in networks
Opolot, Daniel; Azomahou, Theophile - United Nations University-Maastricht Economic Research … - 2012
We study the convergence properties of learning in social and economic networks. We characterize the effect of network … result is that the most efficient network topologies for faster convergence or learning are those where agents belong to … hence slow learning. …
Persistent link: https://www.econbiz.de/10010712123
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Is population growth conducive to the sustainability of cooperation?
Stark, Oded; Jakubek, Marcin - 2011
This paper asks whether population growth is conducive to the sustainability of cooperation. A simple model is developed in which farmers who live around a circular lake engage in trade with their adjacent neighbors. The payoffs from this activity are governed by a prisoner's dilemma rule of...
Persistent link: https://www.econbiz.de/10010305875
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Is population growth conducive to the sustainability of cooperation?
Stark, Oded; Jakubek, Marcin - 2011
This paper asks whether population growth is conducive to the sustainability of cooperation. A simple model is developed in which farmers who live around a circular lake engage in trade with their adjacent neighbors. The payoffs from this activity are governed by a prisoner's dilemma rule of...
Persistent link: https://www.econbiz.de/10010323671
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Robust stochastic stability
Ferrer-Alós, Carlos; Netzer, Nick - 2014
selection of Walrasian strategies in aggregative games under imitation. …
Persistent link: https://www.econbiz.de/10011282462