Network formation in repeated interactions: experimental evidence on dynamic behaviour [Book Review]

Mind and Society 9 (2):193-228 (2010)
Abstract
Here, we present some experiments of non-cooperative games of network formation based on Bala and Goyal (Econometrica 68:1181–1229, 2000 ). We have looked at the one-way and the two-way flow models, each for high and low link costs. The models come up with both multiple equilibria and coordination problems. We conducted the experiments under various conditions which allowed for repeated interactions between subjects. We found that coordination on non-empty Strict Nash equilibria was not an easy task to achieve, even in the one-way model where the Strict Nash equilibria are wheels. We found some evidence of convergence to equilibrium networks through learning dynamics, while we found no effect of salient labels to help coordination. The evidence on learning behavior provides support for subjects that were choosing strategies in line with various learning rules, principally Reinforcement and Fictitious Play
Keywords Experiments  Networks  Behavioral game theory  Learning dynamics
Categories No categories specified
(categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 11,074
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Citations of this work BETA

No citations found.

Similar books and articles
Analytics

Monthly downloads

Added to index

2011-11-19

Total downloads

2 ( #350,376 of 1,101,564 )

Recent downloads (6 months)

1 ( #292,059 of 1,101,564 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Start a new thread
Order:
There  are no threads in this forum
Nothing in this forum yet.