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Stochastic Learning and the Intuitive Criterion in Simple Signaling Games

Author

Listed:
  • Hans Jørgen Jacobsen

    (Institute of Economics, University of Copenhagen)

  • Birgitte Sloth

    (Institute of Economics, University of Copenhagen)

Abstract

A stochastic learning process for signaling games with two types, two signals, and two responses gives rise to equilibrium selection which is in remarkable accordance with the selection obtained by the intuitive criterion.

Suggested Citation

  • Hans Jørgen Jacobsen & Birgitte Sloth, 1996. "Stochastic Learning and the Intuitive Criterion in Simple Signaling Games," Discussion Papers 96-15, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9615
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