Games with coupled populations: An experiment in continuous time

• 成果类型: Article
• 署名作者: Benndorf, Volker; Martinez-Martinez, Ismael; Normann, Hans-Theo
• 署名单位: Goethe University Frankfurt
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2021.105281
• 发表日期: 2021
• 关键词: Equilibrium selection; Population games; Continuous-time experiment

摘要

We propose a model of coupled population games where intra-and intergroup interactions overlap. We analyze the general class of symmetric 2x2 games with coupled replicator dynamics in this framework. Standard one-and two-population predictions extend to a total of ten regions with different sets of attractors, among them novel hybrid points where one population randomizes and the other plays a pure strategy. Building on the theoretical analysis, we run continuous-time laboratory experiments using 48 different variants of coupled games. Observations confirm the theory to a large extent, but we also find a number of systematic deviations. When the attractors' eigenvalues are smaller (in absolute terms), play converges to steady states located further from the prediction. (C) 2021 Elsevier Inc. All rights reserved.