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Learning to Coordinate: Co-Evolution and Correlated Equilibrium

Listed author(s):
  • Alejandro Lee-Penagos

    ()

    (School of Economics, University of Nottingham)

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    In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether boundedly rational, adaptive agents can learn to coordinate in such an environment. We find that such agents are able to coordinate, often in complex ways, even without an external signal. Furthermore, when a signal is present, Correlated Equilibrium are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms.

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    File URL: http://www.nottingham.ac.uk/cedex/documents/papers/cedex-discussion-paper-2016-11.pdf
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    Paper provided by The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham in its series Discussion Papers with number 2016-11.

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    Date of creation: Nov 2016
    Handle: RePEc:not:notcdx:2016-11
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    School of Economics University of Nottingham University Park Nottingham NG7 2RD

    Phone: (44) 0115 951 5620
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    Web page: http://www.nottingham.ac.uk/economics/cedex/

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