Showing 1 - 10 of 1,300
Persistent link: https://www.econbiz.de/10011675333
Persistent link: https://www.econbiz.de/10015110369
Persistent link: https://www.econbiz.de/10002773917
We study costless pre-play communication of intentions among inexperienced players. Using the level-k model of strategic thinking to describe players' beliefs, we fully characterize the effects of pre-play communication in symmetric 2×2 games. One-way communication weakly increases coordination...
Persistent link: https://www.econbiz.de/10003586295
Persistent link: https://www.econbiz.de/10011742199
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...
Persistent link: https://www.econbiz.de/10011515836
Persistent link: https://www.econbiz.de/10008662791
Games with multiple Nash equilibria are believed to be easier to play if players can communicate. We present a simple model of communication in games and investigate the importance of when communication takes place. Sending a message before play captures talk about intentions, after play...
Persistent link: https://www.econbiz.de/10010200432
Persistent link: https://www.econbiz.de/10010249051
Persistent link: https://www.econbiz.de/10003384509