Simple heuristics as equilibrium strategies in mutual sequential mate search
In this paper, we study whether simple heuristics can arise as equilibrium strategies in mutual sequential mate search. To this aim, we extend the mate search model of Todd and Miller (1999), involving an adolescence (learning) phase followed by an actual mating phase, to a strategic game where the players, as the individuals in the mating population, choose before starting the adolescence phase, the best rule - among the four available search (aspiration adjustment) rules - to maximize their likelihood of mating, given the choice of other individuals. Conducting Monte Carlo simulations, we show that the use of the Take the Next Best Rule by the whole population never becomes a (Nash) equilibrium in the simulation range of adolescence lengths. While the unanimous use of the Adjust Relative Rule by the whole population arises as an equilibrium for a wide part of the simulation range, especially for medium to high adolescence lengths, the rules Adjust Up/Down and Adjust Relative/2 are unanimously chosen as equilibrium strategies for a small part of the simulation range and only when the adolescence is long and short, respectively.
|Date of creation:||24 Jan 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Roth, Alvin E, 1984. "The Evolution of the Labor Market for Medical Interns and Residents: A Case Study in Game Theory," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 991-1016, December.
- Parag A. Pathak, 2011. "The Mechanism Design Approach to Student Assignment," Annual Review of Economics, Annual Reviews, vol. 3(1), pages 513-536, 09.
- Atila Abdulkadiroglu & Tayfun Sönmez, 2003. "School Choice: A Mechanism Design Approach," American Economic Review, American Economic Association, vol. 93(3), pages 729-747, June.
- Edmund J. Collins & John M. McNamara & David M. Ramsey, 2006. "Learning rules for optimal selection in a varying environment: mate choice revisited," Behavioral Ecology, International Society for Behavioral Ecology, vol. 17(5), pages 799-809, September.
- Saglam, Ismail, 2011.
"Divorce costs and marital dissolution in a one-to-one matching framework with nontransferable utilities,"
33841, University Library of Munich, Germany.
- Ismail Saglam, 2013. "Divorce Costs and Marital Dissolution in a One-to-One Matching Framework With Nontransferable Utilities," Games, MDPI, Open Access Journal, vol. 4(1), pages 106-124, March.
- Kimmo Eriksson & Olle Häggström, 2008. "Instability of matchings in decentralized markets with various preference structures," International Journal of Game Theory, Springer, vol. 36(3), pages 409-420, March.
- Ayse Mumcu & Ismail Saglam, 2008. "Marriage Formation/Dissolution and Marital Distribution in a Two-Period Economic Model of Matching with Cooperative Bargaining," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 11(4), pages 3.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:44222. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.