Impacto
Downloads
Downloads per month over past year
Lugo, Haydée and San Miguel, Maxi (2014) Learning and coordinating in a multilayer network. [ Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 30, 2014, ISSN: 2341-2356 ] (Unpublished)
Preview |
PDF
Creative Commons Attribution Non-commercial. 351kB |
Official URL: https://www.ucm.es/fundamentos-analisis-economico2/documentos-de-trabajo-del-icae
Abstract
We introduce a two layer network model for social coordination incorporating two relevant ingredients: a) different networks of interaction to learn and to obtain a pay-off, and b) decision making processes based both on social and strategic motivations. Two populations of agents are distributed in two layers with intralayer learning processes and playing interlayer a coordination game. We find that the skepticism about the wisdom of crowd and the local connectivity are the driving forces to accomplish full coordination of the two populations, while polarized coordinated layers are only possible for all-to-all interactions. Local interactions also allow for full coordination in the socially efficient Pareto-dominant strategy in spite of being the riskier one.
Item Type: | Working Paper or Technical Report |
---|---|
Uncontrolled Keywords: | Doubt-based decisions, Coordination games, Multilayer network. |
Subjects: | Social sciences > Economics > Econometrics |
JEL: | D69, D79, C63 |
Series Name: | Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE) |
Volume: | 2014 |
Number: | 30 |
ID Code: | 27354 |
Deposited On: | 13 Nov 2014 09:37 |
Last Modified: | 20 Nov 2014 09:37 |
Origin of downloads
Repository Staff Only: item control page