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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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boundary conditions, i.e., a ring. Agents repeatedly play a 2 × 2 coordination game with neighbors where the payoff dominant …
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are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can …
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reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co … process level to the validity of modeling behavior using low-rationality reinforcement learning models. …
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