Coordination and Cooperation in Local, Random and Small World Networks : Experimental Evidence

A laboratory experiment studies coordination and cooperation in games played in different networks - local, random and small-world. Coordination on the payoff-dominant equilibrium was faster in small-world networks than in local and random networks. However, in a prisoner's dilemma game, cooperation was the hardest to achieve in small-world networks. Two graph-theoretic characteristics - clustering coefficient and characteristic path length - accounted for differences in individual behavior, possibly explaining why equilibrium convergence is most rapid in small-world networks

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Year of publication:	2008
Authors:	Cassar, Alessandra
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Experiment \| Koordination \| Coordination \| Soziales Netzwerk \| Social network \| Nichtkooperatives Spiel \| Noncooperative game

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