
'Noise' in this study, in the sense of evolutionary game theory, refers to deviations from prevailing behavioral rules. Analyzing data from a laboratory experiment on coordination in networks, we tested 'what kind of noise' is supported by behavioral evidence. This empirical analysis complements a growing theoretical literature on 'how noise matters' for equilibrium selection. We find that the vast majority of decisions (96%) constitute myopic best responses, but deviations continue to occur with probabilities that are sensitive to their costs, that is, less frequent when implying larger payoff losses relative to the myopic best response. In addition, deviation rates vary with patterns of realized payoffs that are related to trial-and-error behavior. While there is little evidence that deviations are clustered in time or space, there is evidence of individual heterogeneity.
Economics and Econometrics, Trial-and-error, discrete choice, Evolution, 300 Social sciences, sociology & anthropology, Experimental studies, 2002 Economics and Econometrics, and, trial-and-error, Trial, Stochastic stability, Noncooperative games, Discrete choice, evolution, Behavioral game theory, Behavioral game theory; Discrete choice; Evolution; Learning; Logit response; Stochastic stability; Trial-and-error;, Learning, Rationality and learning in game theory, logit response, 10095 Institute of Sociology, learning, Evolutionary games, 300 Social sciences, sociology & anthropology, Behavioral game theory; Discrete choice; Evolution; Learning; Logit response; Stochastic stability; Trial-and-error, error, stochastic stability, Logit response, behavioral game theory
Economics and Econometrics, Trial-and-error, discrete choice, Evolution, 300 Social sciences, sociology & anthropology, Experimental studies, 2002 Economics and Econometrics, and, trial-and-error, Trial, Stochastic stability, Noncooperative games, Discrete choice, evolution, Behavioral game theory, Behavioral game theory; Discrete choice; Evolution; Learning; Logit response; Stochastic stability; Trial-and-error;, Learning, Rationality and learning in game theory, logit response, 10095 Institute of Sociology, learning, Evolutionary games, 300 Social sciences, sociology & anthropology, Behavioral game theory; Discrete choice; Evolution; Learning; Logit response; Stochastic stability; Trial-and-error, error, stochastic stability, Logit response, behavioral game theory
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| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
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