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This paper studies fictitious play in networks of noncooperative two-player games. We show that continuous …-play property. As an extension, we consider networks in which each bilateral game is strategically zero-sum, a weighted potential …, which entails a generalization of Robinson's theorem to arbitrary zero-sum networks. Applications include security games …
Persistent link: https://www.econbiz.de/10011571263
This paper studies fictitious play in networks of noncooperative two-person games. We show that continuous … functions do not possess the continuous-time fictitious-play property. As extensions, we consider networks in which each … zero-sum networks. Applications include security games, conflict networks, and decentralized wireless channel selection. …
Persistent link: https://www.econbiz.de/10012018918
future choices. These considerations motivate a rich research programme on how social networks shape individual and …
Persistent link: https://www.econbiz.de/10014025688
opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their …
Persistent link: https://www.econbiz.de/10011884406
We call a correspondence, defined on the set of mixed strategy pro les, a generalized best reply correspondence if it (1) has a product structure, (2) is upper hemi-continuous, (3) always includes a best reply to any mixed strategy pro le, and (4) is convex- and closed-valued. For each...
Persistent link: https://www.econbiz.de/10011687048
We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in this mechanism design context, focusing instead on...
Persistent link: https://www.econbiz.de/10011689095
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning, an agent's payoff depends both on the state and...
Persistent link: https://www.econbiz.de/10012900928
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning, an agent's payoff depends both on the state and...
Persistent link: https://www.econbiz.de/10012022731
We provide an overview and synthesis of the literature on how social networks influence behaviors, with a focus on … diffusion. We discuss some highlights from the empirical literature on the impact of networks on behaviors and diffusion. We … behaviors, modeled via games on networks. …
Persistent link: https://www.econbiz.de/10014025689
In this chapter, I provide an overview of research on social networks and their role in shaping behavior and economic … outcomes. I include discussion of empirical and theoretical analyses of the role of social networks in markets and exchange …, models of network formation, models for the statistical analysis of social networks, as well as community detection. …
Persistent link: https://www.econbiz.de/10014025691