The University of Southampton
University of Southampton Institutional Repository

Imitation and experimentation in changing contests

Record type: Article

This paper analyzes the equilibrium play of individuals that are randomly matched to play a contest where the dominant action changes over time. Under myopic decision making, players adopt imitation strategies similar to those observed in evolutionary models with sampling from past play in the population. If the players are patient, equilibrium strategies display elements of experimentation in addition to imitation. If the changes in the environment are infrequent enough, these strategies succeed in coordinating almost all of the players on the dominant action almost all of the time. The myopic rules, on the other hand, result in miscoordination for a positive fraction of time. Journal of Economic Literature Classification Numbers: C73, D83, D84.

Full text not available from this repository.

Citation

Squintani, Francesco and Valimaki, Juuso (2002) Imitation and experimentation in changing contests Journal of Economic Theory, 104, (2), pp. 376-404. (doi:10.1006/jeth.2001.2889).

More information

Published date: 2002

Identifiers

Local EPrints ID: 33054
URI: http://eprints.soton.ac.uk/id/eprint/33054
ISSN: 0022-0531
PURE UUID: 59d88d5f-5dfe-464b-ab54-38b6e1f9e007

Catalogue record

Date deposited: 15 May 2006
Last modified: 17 Jul 2017 15:54

Export record

Altmetrics

Contributors

Author: Francesco Squintani
Author: Juuso Valimaki

University divisions


Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×