The emergence of salience: An experimental investigation
AbstractIn this experiment, individuals recurrently play coordination games that are similar to, but not identical with, one another. Initially, subjects are no more successful than if they had acted at random, but coordination rates gradually increase to levels similar to those found in one-shot games with â€œobviousâ€ focal points. Subjects seem to coordinate by choosing actions that are similar to ones that have previously been successful. This leads to the emergence of different similarity conventions â€“ interpretable as different conceptions of salience â€“ in different groups of players. We present a simple model of learning which organizes our main findings.
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Bibliographic InfoPaper provided by School of Economics, University of East Anglia, Norwich, UK. in its series Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) with number 11-01.
Date of creation: 01 Jan 2011
Date of revision:
Postal: Helen Chapman, School of Economics, University of East Anglia, Norwich Research Park, Norwich, NR4 7TJ, UK
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
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- Gilboa, Itzhak & Schmeidler, David, 1995.
"Case-Based Decision Theory,"
The Quarterly Journal of Economics, MIT Press,
MIT Press, vol. 110(3), pages 605-39, August.
- Itzhak Gilboa & David Schmeidler, 1992. "Case-Based Decision Theory," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 994, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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