Conformity and Bounded Rationality in Games with Many Players
Edward Cartwright and
Myrna Wooders
No 2003.123, Working Papers from Fondazione Eni Enrico Mattei
Abstract:
Interpret 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 characterised 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 can be chosen to be small.
Keywords: Conformity; Bounded Rationality (search for similar items in EconPapers)
JEL-codes: C70 (search for similar items in EconPapers)
Date: 2003-12
New Economics Papers: this item is included in nep-evo
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Citations: View citations in EconPapers (4)
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Related works:
Working Paper: Conformity and bounded rationality in games with many players (2003) 
Working Paper: Conformity and Bounded Rationality in Games with Many Players (2003) 
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