Does payoff equity facilitate coordination
Published: Jan 1, 2015
Abstract
Starting from Schelling (1960), several game theorists have conjectured that payoff equity might facilitate coordination in normal-form games with multiple equilibria – the more equitable equilibrium might be selected either because fairness makes it focal or because many individuals dislike payoff inequities, as abundant experimental evidence suggests. In this line, we propose a selection principle called Equity (EQ), which selects the...
Paper Details
Title
Does payoff equity facilitate coordination
Published Date
Jan 1, 2015
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