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Information, interaction and memory

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  • V. Masson

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Abstract

This paper extends previous work on evolutionary games by introducing non-trivial memory into a model where information flows and interactions are captured using networks, as in Alós-Ferrer and Weidenholzer (J Econ Theory 143:251–274, 2008 ). We consider two-player $$K \times K$$ K × K coordination games and analyze best response dynamics as well as imitation dynamics. We show that for any arbitrary information network, including those with asymmetric information exchanges, the introduction of non-trivial memory corroborates the results of previous studies: with best response, agents select the $$\frac{1}{2}$$ 1 2 -dominant strategy while imitators favor efficiency. Furthermore, we expose the sensitivity of the efficiency results to the interaction patterns. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • V. Masson, 2015. "Information, interaction and memory," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(4), pages 1015-1032, November.
  • Handle: RePEc:spr:jogath:v:44:y:2015:i:4:p:1015-1032
    DOI: 10.1007/s00182-015-0463-0
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    References listed on IDEAS

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    1. Alos-Ferrer, Carlos & Weidenholzer, Simon, 2007. "Partial bandwagon effects and local interactions," Games and Economic Behavior, Elsevier, vol. 61(2), pages 179-197, November.
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