Contagion and the speed of adjustment in small worlds
EJ Cartwright - International Game Theory Review, 2007 - World Scientific
International Game Theory Review, 2007•World Scientific
We model a simple dynamic process in which myopic agents are matched amongst each
other to play a coordination game. The network of player interaction is varied between a
regular lattice and a random network allowing us to model contagion in small world
networks. Weighting times for an equilibrium shift from the risk dominated to risk dominant
equilibrium are shown to be smallest in small world networks.
other to play a coordination game. The network of player interaction is varied between a
regular lattice and a random network allowing us to model contagion in small world
networks. Weighting times for an equilibrium shift from the risk dominated to risk dominant
equilibrium are shown to be smallest in small world networks.
We model a simple dynamic process in which myopic agents are matched amongst each other to play a coordination game. The network of player interaction is varied between a regular lattice and a random network allowing us to model contagion in small world networks. Weighting times for an equilibrium shift from the risk dominated to risk dominant equilibrium are shown to be smallest in small world networks.
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