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Conformity and bounded rationality in games with many players
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Cartwright, Edward and Wooders, Myrna Holtz (2003) Conformity and bounded rationality in games with many players. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.687).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
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) | ||||
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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 | ||||
Official Date: | 20 October 2003 | ||||
Dates: |
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Number: | No.687 | ||||
Number of Pages: | 26 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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