Similar Search Results

Imitation and local interactions: Long run equilibrium selection

Vicario, Eugenio - In: Games 12 (2021) 2, pp. 1-19

In this paper, we analyze the long run dynamics of a multi-agent game played on a one-dimensional lattice with periodic boundary conditions, i.e., a ring. Agents repeatedly play a 2 × 2 coordination game with neighbors where the payoff dominant action and the risk dominant action are distinct....

Persistent link: https://www.econbiz.de/10013200092

Coordination Games and Local Interactions: A Survey of the Game Theoretic Literature

Weidenholzer, Simon - In: Games 1 (2010) 4, pp. 551-585

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 …

Persistent link: https://www.econbiz.de/10008756384

Local interactions under switching costs

Jiang, Ge; Weidenholzer, Simon - 2014

Persistent link: https://www.econbiz.de/10010234006

Imitation and local interactions : long run equilibrium selection

Vicario, Eugenio - In: Games 12 (2021) 2/30, pp. 1-19

Persistent link: https://www.econbiz.de/10012493331

Model Evolution of Heterogeneous Beliefs in an Network Economy

Lin, Jie-Shin - Society for Computational Economics - SCE - 2004

network strategy and belief. The learning is modelled as an evolving network process i.e. a local network of agents, with non …

Persistent link: https://www.econbiz.de/10005345265

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

An adaptive learning model in coordination games

Funai, Naoki - In: Games 4 (2013) 4, pp. 648-669

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...

Persistent link: https://www.econbiz.de/10010369376

Success rates in simplified threshold public goods games: A theoretical model

Feige, Christian - 2015

This paper develops a theoretical model based on theories of equilibrium selection in order to predict success rates in threshold public goods games, i.e., the probability with which a group of players provides enough contribution in sum to exceed a predefined threshold value. For this purpose,...

Persistent link: https://www.econbiz.de/10011288336

Investigating peer and sorting effects within an adaptive multiplex network model

Lipari, Francesca; Stella, Massimo; Antonioni, Alberto - In: Games 10 (2019) 2, pp. 1-12

multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their … heterogeneous preference through learning on one layer and they play a pure coordination game on the other layer. People learn from …. We find that the presence of the social learning mechanism explains the rising and the endurance of a segregated society …

Persistent link: https://www.econbiz.de/10012227761

Fictitious Play in Coordination Games

Sela, Aner; Herreiner, Dorothea K. - University of Bonn, Germany

We study the Fictitious Play process with bounded and unbounded recall in pure coordination games for which failing to coordinate yields a payoff of zero for both players. It is shown that every Fictitious Play player with bounded recall may fail to coordinate against his own type. On the other...

Persistent link: https://www.econbiz.de/10004968208