Artikel
Contagion through learning
We study learning in a large class of complete information normal form games. Players continually face new strategic situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning in terms of iterated dominance in a related incomplete information game with subjective priors. The use of extrapolations in learning may generate contagion of actions across games even if players learn only from games with payoffs very close to the current ones. Contagion may lead to unique long-run outcomes where multiplicity would occur if players learned through repeatedly playing the same game. The process of contagion through learning is formally related to contagion in global games, although the outcomes generally differ.
- Sprache
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Englisch
- Erschienen in
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 3 ; Year: 2008 ; Issue: 4 ; Pages: 431-458 ; New York, NY: The Econometric Society
- Klassifikation
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Wirtschaft
- Thema
-
Similarity
learning
contagion
case-based reasoning
global games
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Steiner, Jakub
Stewart, Colin
- Ereignis
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Veröffentlichung
- (wer)
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The Econometric Society
- (wo)
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New York, NY
- (wann)
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2008
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Steiner, Jakub
- Stewart, Colin
- The Econometric Society
Entstanden
- 2008
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