Cartwright, Edward and Wooders, Myrna Holtz (2003) Conformity and bounded rationality in games with many players. Working Paper. University of Warwick, Department of Economics, Coventry.

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Abstract

Intepret a set of players all playing the same pure strategy and all with similar attributes as a society. Is it consistent with self interested behaviour for a population to organise itself into a relatively small number of societies? In a companion paper we characterized how large e must be, in terms of parameters describing individual games, for an equilibrium to exhibit conformity in pure strategies. In this paper we provide a wide class of games where such conformity is boundedly rational, that is, where e can be chosen to be small.

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):	Statistical decision, Games of strategy (Mathematics), Game theory, Strategy (Philosophy), Group theory
Series Name:	Warwick economic research papers
Publisher:	University of Warwick, Department of Economics
Place of Publication:	Coventry
Date:	20 October 2003
Number:	No.687
Number of Pages:	26
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access
References:	[1] Cartwright, E.J. and M.H. Wooders (2003a) “Bounded rationality in arbitrary games with many players,” University of Warwick Department of Economics Working Paper no 672. On-line at http://www2.warwick.ac.uk/fac/soc/economics/research/papers/twerp672-revised.pdf [2] Cartwright, E.J. and M.H. Wooders (2003b) “On approximate equilibrium in pure strategies in games with many players,” University of Warwick Working Paper (forthcoming). [3] Kalai, E. (2002) “Ex-post stability in large games,” Northwestern University Discussion Paper 1351. [4] M. Wooders, E. Cartwright and R. Selten (2002) “Social conformity in games with many players,” University of Warwick Department of Economics Working Paper no 589 (revised), on-line at http://www2.warwick.ac.uk/fac/soc/economics/research/papers/2001/.
URI:	http://wrap.warwick.ac.uk/id/eprint/1500

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