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More neighbors, more efficiency

作者:   时间:2016-11-30   点击数:

题    目:More neighbors, more efficiency

报告人:崔志伟,北京航空航天大学经济管理学院

时    间:2016年12月1日 9:30-11:00

地   点:知新楼B座1032

摘   要:This paper considers a finite population of agents located within an arbitrary fixed network. Every agent plays a coordination game with his neighbors. If one neighbor’s payoff from a specific interaction exceeds his average payoff per interaction, the neighbor is perceived as better performing. Overtime agents imitate the strategies of their better performing neighbors; occasionally they make mistakes. Sufficient conditions for emergence of Pareto efficient and risk dominant conventions are provided. The paper also illustrates the main results through relevant examples.

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