{"id":451,"date":"2012-09-26T03:55:05","date_gmt":"2012-09-26T10:55:05","guid":{"rendered":"http:\/\/www.rensecorten.dds.nl\/?p=451"},"modified":"2012-09-26T03:55:05","modified_gmt":"2012-09-26T10:55:05","slug":"equilibrium-selection-in-network-coordination-games","status":"publish","type":"post","link":"https:\/\/www.rensecorten.org\/index.php\/2012\/09\/equilibrium-selection-in-network-coordination-games\/","title":{"rendered":"Equilibrium Selection in Network Coordination Games"},"content":{"rendered":"<p>My paper with Vincenz Frey and Vincent Busken titled &#8220;<a href=\"http:\/\/www.degruyter.com\/view\/j\/rne.2012.11.issue-3\/1446-9022.1365\/1446-9022.1365.xml\" target=\"_blank\">Equilibrium Selection in Network Coordination Games: An Experimental Study<\/a>&#8221; was recently published by the <a href=\"http:\/\/www.degruyter.com\/view\/j\/rne.2012.11.issue-3\/issue-files\/rne.2012.11.issue-3.xml\" target=\"_blank\">Review of Network Economics<\/a>.<\/p>\n<p>Here&#8217;s the abstract:<\/p>\n<blockquote><p>We experimentally study equilibrium selection in repeated coordination games played on networks. We test predictions from three competing theories. In line with payoff-dominance as a deductive selection principle, experienced subjects coordinate on the payoff-dominant (but risk-dominated) equilibrium. Groups of inexperienced subjects reach coordination through adaptive dynamics, with the likelihood of convergence to the payoff-dominant equilibrium not depending on the network structure. Subjects\u2019 reactions to deviations from an established equilibrium challenge the proposition that decision noise favors coordination on the risk-dominant equilibrium.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>My paper with Vincenz Frey and Vincent Busken titled &#8220;Equilibrium Selection in Network Coordination Games: An Experimental Study&#8221; was recently published by the Review of Network Economics. Here&#8217;s the abstract: We experimentally&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/posts\/451"}],"collection":[{"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/comments?post=451"}],"version-history":[{"count":3,"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/posts\/451\/revisions"}],"predecessor-version":[{"id":455,"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/posts\/451\/revisions\/455"}],"wp:attachment":[{"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/media?parent=451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/categories?post=451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rensecorten.org\/index.php\/wp-json\/wp\/v2\/tags?post=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}