The Library
Correlated equilibrium and behavioural conformity
Tools
Tools
Tools
Cartwright, Edward and Wooders, Myrna Holtz (2004) Correlated equilibrium and behavioural conformity. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.732).
![[img]](http://wrap.warwick.ac.uk/style/images/fileicons/application_pdf.png)
|
PDF
WRAP_Cartwright_twerp_732.pdf - Requires a PDF viewer. Download (234Kb) |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
Is conformity amongst similar individuals consistent with self-interested behavior? We consider a model of incomplete information in which each player receives a signal, interpreted as an allocation to a role, and can make his action choice conditional on his role. Our main result demonstrates that `near to' any correlated equilibrium is an approximate correlated equilibrium `with conformity' -- that is, an equilibrium where all `similar players' play the same strategy, have the same probability of being allocated to each role, and receive approximately the same payoff; in short, similar players `behave in an identical way' and are treated nearly equally. To measure `similarity' amongst players we introduce the notions of approximate substitutes and a (delta,Q)-class games -- a game with Q classes of players where all players in the same class are delta-substitutes for each other.
| Item Type: | Working or Discussion Paper (Working Paper) | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HB Economic Theory | ||||
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Library of Congress Subject Headings (LCSH): | Game theory, Information asymmetry, Choice (Psychology), Equilibrium (Economics), Statistical decision | ||||
| Series Name: | Warwick economic research papers | ||||
| Publisher: | University of Warwick, Department of Economics | ||||
| Place of Publication: | Coventry | ||||
| Official Date: | November 2004 | ||||
| Dates: |
|
||||
| Number: | No.732 | ||||
| Number of Pages: | 18 | ||||
| Status: | Not Peer Reviewed | ||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||
| Description: | This paper is a major revision of Cartwright and Wooders (2003a) |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
Downloads
Downloads per month over past year
