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Strategy Similarity and Coordination

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  • Vahid, F.

    ()

  • Sarin, R.

Abstract

This paper introduces similarity among strategies in the payoff assessment model of choice (Sarin and Vahid (1999, GEB)). The assessments of strategies that are more similar to the chosen strategy are updated more similarly to the chosen strategy. We use this model to explain a recent experiment.

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File URL: http://www.buseco.monash.edu.au/ebs/pubs/wpapers/2001/wp8-01.pdf
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Bibliographic Info

Paper provided by Monash University, Department of Econometrics and Business Statistics in its series Monash Econometrics and Business Statistics Working Papers with number 8/01.

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Length: 23 pages
Date of creation: Jul 2001
Date of revision:
Handle: RePEc:msh:ebswps:2001-8

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Related research

Keywords: Econometric analysis of experimental data; Adaptive learning; Similarity; Coordination games; Payoff assessments without probabilities;

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Cited by:
  1. Peter Duersch & Albert Kolb & Jörg Oechssler & Burkhard Schipper, 2010. "Rage against the machines: how subjects play against learning algorithms," Economic Theory, Springer, vol. 43(3), pages 407-430, June.
  2. Ralph-C. Bayer & Elke Renner & Rupert Sausgruber, 2013. "Confusion and learning in the voluntary contributions game," Experimental Economics, Springer, vol. 16(4), pages 478-496, December.
  3. Ralph-C Bayer & Elke Renner & Rupert Sausgruber, 2009. "Confusion and Reinforcement Learning in Experimental Public Goods Games," NRN working papers 2009-22, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
  4. Peter Dürsch & Albert Kolb & Jörg Oechssler & Burkhard C. Schipper, 2005. "Rage Against the Machines: How Subjects Learn to Play Against Computers," Bonn Econ Discussion Papers bgse31_2005, University of Bonn, Germany.

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