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We consider a deterministic evolutionary model where players form expectations about future play. Players are not fully rational and have expectations that change over time in response to current payoffs and feedback from the past. We provide a complete characterization of the qualitative...
Persistent link: https://www.econbiz.de/10009365207
We consider a signalling game in which a population of receivers decide on the outcome by majority rule, sender and receivers have conflicting interests, and there is uncertainty about both players types. We model players rationality along the lines of recent findings in behavioral game theory....
Persistent link: https://www.econbiz.de/10009365254