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Games with coupled populations: An experiment in continuous time
被引:1
|作者:
Benndorf, Volker
[1
]
Martinez-Martinez, Ismael
[2
]
Normann, Hans-Theo
[2
]
机构:
[1] Goethe Univ Frankfurt, Theodor W Adorno Platz 4, D-60323 Frankfurt, Germany
[2] HHU, Dusseldorf Inst Competit Econ DICE, Univ Str 1, D-40225 Dusseldorf, Germany
关键词:
Equilibrium selection;
Population games;
Continuous-time experiment;
EVOLUTIONARILY STABLE STRATEGIES;
ANIMAL SOCIETIES;
SELF-REGULATION;
SOCIAL NORMS;
HOLD-UP;
EQUILIBRIUM;
STABILITY;
COMPETITION;
BEHAVIOR;
FLUCTUATIONS;
D O I:
10.1016/j.jet.2021.105281
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
We propose a model of coupled population games where intra-and intergroup interactions overlap. We analyze the general class of symmetric 2x2 games with coupled replicator dynamics in this framework. Standard one-and two-population predictions extend to a total of ten regions with different sets of attractors, among them novel hybrid points where one population randomizes and the other plays a pure strategy. Building on the theoretical analysis, we run continuous-time laboratory experiments using 48 different variants of coupled games. Observations confirm the theory to a large extent, but we also find a number of systematic deviations. When the attractors' eigenvalues are smaller (in absolute terms), play converges to steady states located further from the prediction. (C) 2021 Elsevier Inc. All rights reserved.
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页数:50
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