Symmetric play in repeated allocation games

Kuzmics C, Palfrey T, Rogers BW (2012) Working Papers. Institute of Mathematical Economics; 468.
Bielefeld: Center for Mathematical Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
We study symmetric play in a class of repeated games when players are patient. We show that, while the use of symmetric strategy profiles essentially does not restrict the set of feasible payoffs, the set of equilibrium payoffs is an interesting proper subset of the feasible and individually rational set. We also provide a theory of how rational individuals play these games, identifying particular strategies as focal through the considerations of Pareto optimality and simplicity. We report experiments that support many aspects of this theory.
Stichworte
repeated games; symmetry; experiments; focal points
Erscheinungsjahr
2012
Band
468
Seite(n)
43
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2672493

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Kuzmics C, Palfrey T, Rogers BW. Symmetric play in repeated allocation games. Working Papers. Institute of Mathematical Economics. Vol 468. Bielefeld: Center for Mathematical Economics; 2012.
Kuzmics, C., Palfrey, T., & Rogers, B. W. (2012). Symmetric play in repeated allocation games (Working Papers. Institute of Mathematical Economics, 468). Bielefeld: Center for Mathematical Economics.
Kuzmics, C., Palfrey, T., and Rogers, B. W. (2012). Symmetric play in repeated allocation games. Working Papers. Institute of Mathematical Economics, 468, Bielefeld: Center for Mathematical Economics.
Kuzmics, C., Palfrey, T., & Rogers, B.W., 2012. Symmetric play in repeated allocation games, Working Papers. Institute of Mathematical Economics, no.468, Bielefeld: Center for Mathematical Economics.
C. Kuzmics, T. Palfrey, and B.W. Rogers, Symmetric play in repeated allocation games, Working Papers. Institute of Mathematical Economics, vol. 468, Bielefeld: Center for Mathematical Economics, 2012.
Kuzmics, C., Palfrey, T., Rogers, B.W.: Symmetric play in repeated allocation games. Working Papers. Institute of Mathematical Economics, 468. Center for Mathematical Economics, Bielefeld (2012).
Kuzmics, Christoph, Palfrey, Thomas, and Rogers, Brian W. Symmetric play in repeated allocation games. Bielefeld: Center for Mathematical Economics, 2012. Working Papers. Institute of Mathematical Economics. 468.
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