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We survey the recent literature on coordination games, where there is a conflictbetween risk dominance and payoff … local interactions. Amongst others, we discuss best reply learning in a global- and in a local- interaction framework and … best reply learning in multiple location models and in a network formation context. Further, we discuss imitation learning …
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We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action … in a 2x2 - coordination game and on whom to establish costly links to. We find that a payoff dominant convention is …
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In this paper, we provide a theoretical prediction of the way in which adaptive players behave in the long run in normal form games with strict Nash equilibria. In the model, each player assigns subjective payoff assessments to his own actions, where the assessment of each action is a weighted...
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data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It … suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
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