Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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SOCIAL CONFORMITY AND APPROXIMATE PURIFICATION IN GAMES WITH INCOMPLETE INFORMATION.


Category: Economic Theory
Social Norms
Sunday 25th August 2002, 09:30 - 11:00, Room: 1.14
Session Chair(s): Hans Gersbach, University of Heidelberg, GERMANY

Presenter(s): Cartwright, Edward

Co-Author(s): none

Keyword(s): imitation, incomplete information, purification, social conformity

JEL(s): C62, C72

Abstract:

Interpret a set of players with similar attributes who are all playing the same strategy as a society. Is it consistent with self-interested behaviour for a population to organise itself into a relatively small number of societies? By introducing a framework of approximate substitutes in non-cooperative games we are able to put a bound on the ‘inefficiency’ of such social conformity for arbitrary games. This is then applied, using non-cooperative pre-games, to show that for sufficiently large games there exists an approximate Nash equilibrium in pure strategies for which the population is partitioned into a relatively small number of societies.


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Paper Reference Number: 413

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57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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