HKUST Library Institutional Repository Banner

HKUST Institutional Repository >
Marketing >
MARK Working Papers >

Please use this identifier to cite or link to this item: http://hdl.handle.net/1783.1/884
Title: Coordination and learning behavior in large groups with asymmetric players
Authors: Rapoport, Amnon
Seale, Darryl A.
Winter, Eyal
Keywords: Large group
Asymmetric players
Coordination
Nash equilibrium
Learning behavior
Issue Date: Sep-1997
Series/Report no.: Marketing Working Paper Series ; MKTG 97.098
Abstract: We consider a class of large group, non-cooperative, iterated market entry games with complete information, binary choices, and asymmetric players in which the incentive of each player to enter the market decreases linearly in the number of entrants. Experimental results show remarkable coordination on the aggregate level, which is captured by the Nash equilibrium solution. However, the Nash equilibrium does not account for the differences among types of players with differential entry costs or differences among players of the same type. The observed behavioral regularities are accounted for by a reinforcement-based adaptive learning model postulating changes in individual cutoff points which showly diminish over time.
URI: http://hdl.handle.net/1783.1/884
Appears in Collections:MARK Working Papers

Files in This Item:

File Description SizeFormat
mktg97098.pdf3134KbAdobe PDFView/Open

All items in this Repository are protected by copyright, with all rights reserved.