Matching, Imitation, and Coordination in Networks
In: Dynamic games and applications: DGA, Band 9, Heft 1, S. 47-67
ISSN: 2153-0793
10 Ergebnisse
Sortierung:
In: Dynamic games and applications: DGA, Band 9, Heft 1, S. 47-67
ISSN: 2153-0793
In: Journal of economic dynamics & control, Band 40, S. 103-115
ISSN: 0165-1889
In: Economics letters, Band 238, S. 111729
ISSN: 0165-1765
SSRN
Working paper
In: Journal of economic dynamics & control, Band 38, S. 72-86
ISSN: 0165-1889
In: The B.E. journal of theoretical economics, Band 9, Heft 1
ISSN: 1935-1704
This paper studies the aspiration-based learning dynamics in symmetric normal-form games played at multiple locations. In particular, the aspiration level in one location is linked to the average performances of players in observable locations. With a decentralized information structure, the learning dynamics converge to limit states. For a large class of information structures and games, when there exists trembles in the updating of aspiration levels, the unique stochastically stable equilibrium is characterized by the Pareto efficient symmetric outcome. In the prisoners' dilemma, if the probability of trembles is sufficiently small, both players in every location will ultimately cooperate most of the time.
SSRN
In: Mathematical social sciences, Band 66, Heft 3, S. 410-421
In: Environmental science and pollution research: ESPR, Band 30, Heft 20, S. 57599-57616
ISSN: 1614-7499
In: TRD-D-22-01392
SSRN