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In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether boundedly rational, adaptive agents can learn to...
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This paper studies a repeated play of a family of games by resource-constrained players. To economize on reasoning resources, the family of games is partitioned into subsets of games which players do not distinguish. An example is constructed to show that when games are played a finite number of...
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In this paper, we propose an evolutionary model of oligopoly competition where agents can select between different behavioral rules to make decisions on productions. We formalize the model as a general class of evolutionary oligopoly games and then we consider an example with two specific rules,...
Persistent link: https://www.econbiz.de/10013021723
I study the evolutionary stability of 'mildly responsive' behavioural rules in a bargaining game. Individuals in a population (that may be finite or be described by individuals distributed uniformly over a continuum of fixed mass) bargain with all other individuals in a pair-wise manner over a...
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