The Evolution of Conventions.
The author shows how a group of individuals can learn to play a coordination game without any common knowledge and with only a small amount of rationality. The game is repeated many times by different players. Each player chooses an optimal reply based on incomplete information about what other play...
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| Médium: | Journal article |
| Jazyk: | English |
| Vydáno: |
Econometric Society
1993
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