Equilibrium Selection, Similarity Judgments and the "Nothing to Gain/Nothing to Lose" Effect
Equilibrium Selection, Similarity Judgments and the "Nothing to Gain/Nothing to Lose" Effect
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均衡选择、相似性判断和“一无所获/一无所失”效应
DOI:
10.1002/bdm.1772
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发表时间:
2013
影响因子:
2
通讯作者:
Jonathan W. Leland
中科院分区:
文献类型:
--
作者:
Jonathan W. Leland
Rubinstein (1988, 2003) and Leland (1994, 1998, 2001, 2002) have shown that choices based on similarity judgments will account for the vast majority of observed violations of expected and discounted utility. In this paper, I show that such judgments also explain which equilibria will be selected in single-shot games with multiple equilibria, predict circumstances in which non-equilibria outcomes may predominate in such games, and predict circumstances in which specific pure strategy outcomes will predominate in games with no pure strategy equilibria.