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https://hdl.handle.net/2440/96497
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Type: | Journal article |
Title: | Information, interaction and memory |
Author: | Masson, V. |
Citation: | International Journal of Game Theory, 2015; 44(4):1015-1032 |
Publisher: | Springer |
Issue Date: | 2015 |
ISSN: | 0020-7276 1432-1270 |
Statement of Responsibility: | V. Masson |
Abstract: | This paper extends previous work on evolutionary games by introducing non-trivial memory into a model where information flows and interactions are captured using networks, as in Alós-Ferrer and Weidenholzer (J Econ Theory 143:251– 274, 2008). We consider two-player K × K coordination games and analyze best response dynamics as well as imitation dynamics. We show that for any arbitrary information network, including those with asymmetric information exchanges, the introduction of non-trivial memory corroborates the results of previous studies: with best response, agents select the ½ -dominant strategy while imitators favor efficiency. Furthermore, we expose the sensitivity of the efficiency results to the interaction patterns. |
Keywords: | Contagion; networks; coordination games; best response; imitation |
Description: | Published online: 01 February 2015 |
Rights: | © Springer-Verlag Berlin Heidelberg 2015 |
DOI: | 10.1007/s00182-015-0463-0 |
Published version: | http://dx.doi.org/10.1007/s00182-015-0463-0 |
Appears in Collections: | Aurora harvest 7 Economics publications |
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