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Salience as an emergent property

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Author Info

  • Alberti, Federica
  • Sugden, Robert
  • Tsutsui, Kei

Abstract

We offer an evolutionary model of the emergence of concepts of salience through similarity-based learning. When an individual faces a new decision problem, she chooses an action that she perceives as similar to actions that, when chosen in similar previous problems, led to favourable outcomes. If some similarities are more reliably perceived than others, this process will favour the emergence of conventions that are defined in terms of reliably perceived similarities. We discuss experimental evidence of learning in recurrent play of similar but not identical pure coordination games.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 82 (2012)
Issue (Month): 2 ()
Pages: 379-394

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Handle: RePEc:eee:jeborg:v:82:y:2012:i:2:p:379-394

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Salience; Focal point; Emergent property; Similarity; Coordination game;

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  3. Cubitt, Robin P. & Sugden, Robert, 2003. "Common Knowledge, Salience And Convention: A Reconstruction Of David Lewis' Game Theory," Economics and Philosophy, Cambridge University Press, vol. 19(02), pages 175-210, October.
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  12. Itzhak Gilboa & David Schmeidler, 1992. "Case-Based Decision Theory," Discussion Papers 994, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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  15. Hume, David, 1739. "A Treatise of Human Nature (II) Of the Passions," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number hume1739a.
  16. Nicholas Bardsley & Judith Mehta & Chris Starmer & Robert Sugden, 2008. "Explaining Focal Points: Cognitive Hierarchy Theory versus Team Reasoning," Discussion Papers 2008-17, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
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