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Individually selecting among conventions - an evolutionary and experimental analysis

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  • Susanne Büchner

    ()

  • Werner Güth

    ()

  • Luis Miller

    ()

Abstract

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Suggested Citation

  • Susanne Büchner & Werner Güth & Luis Miller, 2011. "Individually selecting among conventions - an evolutionary and experimental analysis," Journal of Evolutionary Economics, Springer, vol. 21(2), pages 285-301, May.
  • Handle: RePEc:spr:joevec:v:21:y:2011:i:2:p:285-301
    DOI: 10.1007/s00191-010-0197-x
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    References listed on IDEAS

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    1. Lorenzo Sacconi & Stefano Moretti, 2002. "Fuzzy norms, default reasoning and equilibrium selection in games under unforeseen contingencies and incomplete knowledge," LIUC Papers in Ethics, Law and Economics 104, Cattaneo University (LIUC).
    2. Haruvy, Ernan & Stahl, Dale O., 2004. "Deductive versus inductive equilibrium selection: experimental results," Journal of Economic Behavior & Organization, Elsevier, vol. 53(3), pages 319-331, March.
    3. Van Huyck, John B & Battalio, Raymond C & Beil, Richard O, 1990. "Tacit Coordination Games, Strategic Uncertainty, and Coordination Failure," American Economic Review, American Economic Association, vol. 80(1), pages 234-248, March.
    4. Giovanna Devetag & Andreas Ortmann, 2007. "When and why? A critical survey on coordination failure in the laboratory," Experimental Economics, Springer;Economic Science Association, vol. 10(3), pages 331-344, September.
    5. Rydval, Ondrej & Ortmann, Andreas, 2005. "Loss avoidance as selection principle: Evidence from simple stag-hunt games," Economics Letters, Elsevier, vol. 88(1), pages 101-107, July.
    6. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
    7. Werner Güth & Stefan Napel, 2006. "Inequality Aversion in a Variety of Games - An Indirect Evolutionary Analysis," Economic Journal, Royal Economic Society, vol. 116(514), pages 1037-1056, October.
    8. Straub, Paul G., 1995. "Risk dominance and coordination failures in static games," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(4), pages 339-363.
    9. H. Peyton Young, 1996. "The Economics of Convention," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 105-122, Spring.
    10. Kliemt, Hartmut, 1986. "The veil of insignificance," European Journal of Political Economy, Elsevier, vol. 2(3), pages 333-344.
    11. Van Huyck, John B. & Cook, Joseph P. & Battalio, Raymond C., 1997. "Adaptive behavior and coordination failure," Journal of Economic Behavior & Organization, Elsevier, vol. 32(4), pages 483-503, April.
    12. Greiner, Ben, 2004. "An Online Recruitment System for Economic Experiments," MPRA Paper 13513, University Library of Munich, Germany.
    13. Gérard P. Cachon & Colin F. Camerer, 1996. "Loss-Avoidance and Forward Induction in Experimental Coordination Games," The Quarterly Journal of Economics, Oxford University Press, vol. 111(1), pages 165-194.
    14. John B. Van Huyck & Raymond C. Battalio & Richard O. Beil, 1991. "Strategic Uncertainty, Equilibrium Selection, and Coordination Failure in Average Opinion Games," The Quarterly Journal of Economics, Oxford University Press, vol. 106(3), pages 885-910.
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    More about this item

    Keywords

    Coordination games; Conventions; Experimental economics; Evolutionary stability; C72; C91;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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