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- W3123287806 abstract "Network formation is frequently modeled using link-formation games and typically present a multiplicity of Nash equilibria. Cooperative refinements —such as strong or coalitional proof Nash equilibria— have been the standard tool used for equilibrium selection in these games. Non-cooperative refinements derived from the theory of global games have shown also that, for a class of payoff functions, multiplicity of equilibria disappears when the game is perturbed by introducing small amounts of incomplete information. We conducted a laboratory study evaluating the predictive power of each of these refinements in an illustrative link-formation game. Compared with cooperative game solutions, the global game approach did significantly better at predicting the strategies played by individuals in the experiment." @default.
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- W3123287806 date "2007-11-19" @default.
- W3123287806 modified "2023-09-27" @default.
- W3123287806 title "Network Structure in a Link-formation Game: An Experimental Study" @default.
- W3123287806 hasPublicationYear "2007" @default.
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