Competing Conventions with Costly Information Acquisition
We consider an evolutionary model of social coordination in a 2 × 2 game where two groups of players prefer to coordinate on different actions. Players can pay a cost to learn their opponent’s group: if they pay it, they can condition their actions concerning the groups. We assess the stability of o...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-06-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/12/3/53 |