Learning, bounded memory, and inertia

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 101
Issue: 2
Pages: 134-136

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper considers bounded-memory players in a coordination game, who imitate the most successful remembered actions. With exogenous inertia, risk-dominant equilibria are selected independently of the length of memory. Without inertia, Pareto-dominant equilibria arise when memory is long enough.

Technical Details

RePEc Handle
repec:eee:ecolet:v:101:y:2008:i:2:p:134-136
Journal Field
General
Author Count
1
Added to Database
2026-01-24