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An Evolutionary Approach to Tacit Communication in Van Huyck, Battalio, and Beil's Game Experiments

Author

Listed:
  • Asst. Prof. Yong-Gwan Kim

    (Economics)

Abstract
This paper provides an evolutionary interpretation of Van Huyck, Battalio, and Beil's experimental results on coordination games with auction. A set- valued solution concept is defined for a finite population model under the best response evolutionary dynamics and applied to their games. It is shown that our solution concept captures the role of auction as a tacit communication device and predicts the equilibria chosen by players in the real experiments. Journal of Economic Literature Classification Numbers C72, C92.

Suggested Citation

  • Asst. Prof. Yong-Gwan Kim, 1994. "An Evolutionary Approach to Tacit Communication in Van Huyck, Battalio, and Beil's Game Experiments," Game Theory and Information 9403006, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpga:9403006
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    References listed on IDEAS

    as
    1. Warneryd, Karl, 1991. "Evolutionary stability in unanimity games with cheap talk," Economics Letters, Elsevier, vol. 36(4), pages 375-378, August.
    2. Van Huyck John B. & Battalio Raymond C. & Beil Richard O., 1993. "Asset Markets as an Equilibrium Selection Mechanism: Coordination Failure, Game Form Auctions, and Tacit Communication," Games and Economic Behavior, Elsevier, vol. 5(3), pages 485-504, July.
    3. Van Huyck, John B & Battalio, Raymond C & Beil, Richard O, 1990. "Tacit Coordination Games, Strategic Uncertainty, and Coordination Failure," American Economic Review, American Economic Association, vol. 80(1), pages 234-248, March.
    4. Blume Andreas & Kim Yong-Gwan & Sobel Joel, 1993. "Evolutionary Stability in Games of Communication," Games and Economic Behavior, Elsevier, vol. 5(4), pages 547-575, October.
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    More about this item

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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