Strategy Similarity and Coordination  

Oleh:

Vahid, Farshid ; Sarin, Rajiv

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 114 no. 497 (Jul. 2004), page 506-527.
Topik: COORDINATION; strategy; similarity; coordination
Fulltext: 506.pdf (281.77KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

In the payoff assessment model of choice (Sarin and Vahid, 1999), only the assessment of the chosen strategy is updated. We extend that model to allow the agent to also update the assessments of strategies that the agent thinks are similar to the chosen strategy. We use this model to explain observed behaviour in a recent experiment. Statistical tests cannot distinguish between the payoff distributions generated by the model and the observed payoff distributions in almost every period.

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