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In many economic and social contexts, individual players choose their partners and also decide on a mode of behavior in interactions with these partners. This paper develops a simple model to examine the interaction between partner choice and individual behavior in games of coordination. An...
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We present new results in a model of technological evolution which displays different macroscopic behaviors based on very simple microscopic rules of local interaction. The main features are criticality and self-organization. We give information about new scaling relation and study the roughness...
Persistent link: https://www.econbiz.de/10005080966
In many economic and social contexts, individual players choose their partners and also decide on a mode of behavior in interactions with these partners. This paper develops a simple model to examine the interaction between partner choice and individual behavior in games of coordination. An...
Persistent link: https://www.econbiz.de/10008494043
We study the evolution of preferences via payoff monotonic dynamics in strategic environments with and without complete information. It is shown that, with complete information and subgroup matching, empirically plausible interdependent preference relations may entail the local instability of...
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