Abstract
We consider a network game based on matching pennies with two types of agents, conformists and rebels. Conformists prefer to match the action taken by the majority of her neighbors while rebels like to match the minority. We investigate the simultaneous best response dynamic focusing on the lengths of limit cycles (LLC for short). Our results imply that the network structure generally plays a very crucial role in determining LLC. When the network is a line or a ring, for almost all type configurations, LLC=1, meaning that a pure strategy Nash equilibrium is reached, regardless of the initial action profiles. However, when the network is a star, LLC=4 for approximately half of the type configurations. The ordinal potential property and the sequential best response dynamic are also studied.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.