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Focal Points

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  • Maarten C.W. Janssen

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    (Erasmus University Rotterdam)

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    Abstract

    This paper gives an overview of the literature on focal points. It starts with reviewing Schelling’s seminalbook The Strategy of Conflict.I then discuss the problems that have to be faced when incorporating thenotion of focal points in theory of games. Two recent approaches are discussed that deal with focalpoints. The eductive approach is static and concentrates on how players can use aymmetries in thedescriptions of strategies. The evolutive approach is dynamic and focuses in the adaptive behaviour ofplayers.

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    File URL: http://papers.tinbergen.nl/97091.pdf
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    Bibliographic Info

    Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 97-091/1.

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    Date of creation: 24 Sep 1997
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    Handle: RePEc:dgr:uvatin:19970091

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    1. Crawford, Vincent P & Haller, Hans, 1990. "Learning How to Cooperate: Optimal Play in Repeated Coordination Games," Econometrica, Econometric Society, vol. 58(3), pages 571-95, May.
    2. Kandori, M. & Mailath, G.J., 1991. "Learning, Mutation, And Long Run Equilibria In Games," Papers 71, Princeton, Woodrow Wilson School - John M. Olin Program.
    3. H. Peyton Young, 1996. "The Economics of Convention," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 105-122, Spring.
    4. Mehta, Judith & Starmer, Chris & Sugden, Robert, 1994. "The Nature of Salience: An Experimental Investigation of Pure Coordination Games," American Economic Review, American Economic Association, vol. 84(3), pages 658-73, June.
    5. Andrew Colman, 1997. "Salience and focusing in pure coordination games," Journal of Economic Methodology, Taylor & Francis Journals, vol. 4(1), pages 61-81.
    6. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
    7. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
    8. Sugden, Robert, 1991. "Rational Choice: A Survey of Contributions from Economics and Philosophy," Economic Journal, Royal Economic Society, vol. 101(407), pages 751-85, July.
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