Strategy similarity and coordination

• 成果类型: Article
• 署名作者: Sarin, R; Vahid, F
• 署名单位: Texas A&M University System; Texas A&M University College Station; Australian National University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.0013-0133.2004.0229a.x
• 发表日期: 2004
• 页码: 506-527
• 关键词: simple dynamic-model; people play games

摘要

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.