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In this paper, we analyze the long run dynamics of a multi-agent game played on a one-dimensional lattice with periodic boundary conditions, i.e., a ring. Agents repeatedly play a 2 × 2 coordination game with neighbors where the payoff dominant action and the risk dominant action are distinct....
Persistent link: https://www.econbiz.de/10012493331
In this paper, we analyze the long run dynamics of a multi-agent game played on a one-dimensional lattice with periodic boundary conditions, i.e., a ring. Agents repeatedly play a 2 × 2 coordination game with neighbors where the payoff dominant action and the risk dominant action are distinct....
Persistent link: https://www.econbiz.de/10013200092
We study the long-run evolutionary outcome emerging when two populations of agents play the demand game with three (or a few) possible splits, with the two populations differing in the sample sizes used when best responding to retrieved information from the past. We focus on the relation between...
Persistent link: https://www.econbiz.de/10014354941
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