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Strategy Similarity and Coordination

Author

Listed:
  • Vahid, F.
  • Sarin, R.

Abstract

This paper introduces similarity among strategies in the payoff assessment model of choice (Sarin and Vahid (1999, GEB)). The assessments of strategies that are more similar to the chosen strategy are updated more similarly to the chosen strategy. We use this model to explain a recent experiment.

Suggested Citation

  • Vahid, F. & Sarin, R., 2001. "Strategy Similarity and Coordination," Monash Econometrics and Business Statistics Working Papers 8/01, Monash University, Department of Econometrics and Business Statistics.
    • Handle: RePEc:msh:ebswps:2001-8
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    File URL: http://www.buseco.monash.edu.au/ebs/pubs/wpapers/2001/wp8-01.pdf
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    Citations

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    Cited by:

    1. Ralph-C. Bayer & Elke Renner & Rupert Sausgruber, 2013. "Confusion and learning in the voluntary contributions game," Experimental Economics, Springer;Economic Science Association, vol. 16(4), pages 478-496, December.
    2. Dürsch, Peter & Kolb, Albert & Oechssler, Jörg & Schipper, Burkhard C., 2005. "Rage Against the Machines: How Subjects Learn to Play Against Computers," Bonn Econ Discussion Papers 31/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
    3. Mohlin, Erik & Östling, Robert & Wang, Joseph Tao-yi, 2020. "Learning by similarity-weighted imitation in winner-takes-all games," Games and Economic Behavior, Elsevier, vol. 120(C), pages 225-245.
    4. Dürsch, Peter & Kolb, Albert & Oechssler, Jörg & Schipper, Burkhard, 2005. "Rage against the machines : how subjects learn to play against computers," Papers 05-36, Sonderforschungsbreich 504.
    5. Ralph-C Bayer & Elke Renner & Rupert Sausgruber, 2009. "Confusion and Reinforcement Learning in Experimental Public Goods Games," NRN working papers 2009-22, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    6. Brit Grosskopf & Rajiv Sarin & Elizabeth Watson, 2015. "An experiment on case-based decision making," Theory and Decision, Springer, vol. 79(4), pages 639-666, December.
    7. Beggs Alan, 2009. "Learning in Bayesian Games with Binary Actions," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-30, September.
    8. Oyarzun, Carlos & Ruf, Johannes, 2014. "Convergence in models with bounded expected relative hazard rates," Journal of Economic Theory, Elsevier, vol. 154(C), pages 229-244.
    9. Castañeda, Gonzalo & Chávez-Juárez, Florian & Guerrero, Omar A., 2018. "How do governments determine policy priorities? Studying development strategies through spillover networks," Journal of Economic Behavior & Organization, Elsevier, vol. 154(C), pages 335-361.
    10. Hu Sun & Yun Wang, 2019. "Do On-lookers See Most of the Game? Evaluating Job-seekers' Competitiveness of Oneself versus of Others in a Labor Market Experiment," Working Papers 2019-07-11, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    11. Teck H. Ho & Xin Wang & Colin F. Camerer, 2008. "Individual Differences in EWA Learning with Partial Payoff Information," Economic Journal, Royal Economic Society, vol. 118(525), pages 37-59, January.
    12. Wu, Hang & Bayer, Ralph-C, 2015. "Learning from inferred foregone payoffs," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 445-458.
    13. Peter Duersch & Albert Kolb & Jörg Oechssler & Burkhard Schipper, 2010. "Rage against the machines: how subjects play against learning algorithms," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 43(3), pages 407-430, June.

    More about this item

    Keywords

    Econometric analysis of experimental data; Adaptive learning; Similarity; Coordination games; Payoff assessments without probabilities;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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