The main purpose of this paper is to suggest a mechanism of coordination whereby concerns for high relative position might evolve endogenously. A simple symmetric 2 × 2 strategic coordination game is analyzed in an evolutionary environment where continua of bounded rational agents are randomly matched against each other. The agents are assumed to have the ability to make an imperfect observation on how their own status relates to that of their opponent. These observations are then utilized as an instrument for coordinating the strategies in the game by the conditioning of the pure strategies on whether the opponent has a higher status or a lower status. The outcome of the game is analyzed through a newly defined evolutionary criterion as the agent's observational skills come close to the limit of being perfect. It is shown that there exists an endogenous asymmetry in the model that results in just one of the conditioned strategies in the pure strategy set being evolutionary stable. Moreover, it is also shown that this strategy will prevail against strategies conditioned through other personal characteristics, e.g. size, and gender.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Paper provided by Lund University, Department of Economics in its series Working Papers with number
2003:11.
Length: 60 pages Date of creation: 14 Jul 2003 Date of revision: Handle: RePEc:hhs:lunewp:2003_011
Contact details of provider: Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden Phone: +46 +46 222 0000 Fax: +46 +46 2224613 Web page: http://www.nek.lu.se/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (David Edgerton).
Find related papers by JEL classification: C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)