Strategy Similarity and Coordination

Farshid Vahid and R. Sarin

No 8/01, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: This paper introduces similarity among strategies in the payoff assessment model of choice (Sarin and Vahid (1999, GEB)). The assessments of strategies that are more similar to the chosen strategy are updated more similarly to the chosen strategy. We use this model to explain a recent experiment.

Keywords: Econometric analysis of experimental data; Adaptive learning; Similarity; Coordination games; Payoff assessments without probabilities (search for similar items in EconPapers)
JEL-codes: C70 D80 D81 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2001-07
New Economics Papers: this item is included in nep-exp and nep-gth
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Citations: View citations in EconPapers (7)

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Journal Article: Strategy Similarity and Coordination (2004)
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