CeDEx
Centre for Decision Research and Experimental Economics

CeDEx 2016-11: Learning to Coordinate:Co-Evolution and Correlated Equilibrium

Summary

In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether boundedly rational, adaptive agents can learn to coordinate in such an environment. We find that such agents are able to coordinate, often in complex ways, even without an external signal. Furthermore, when a signal is present, Correlated Equilibrium are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms.

Download the paper in PDF format

Authors

Alejandro Lee-Penagos

 View all CeDEx discussion papers | View all School of Economics featured discussion papers

 

Posted on Wednesday 3rd August 2016

Centre for Decision Research and Experimental Economics

Sir Clive Granger Building
University of Nottingham
University Park
Nottingham, NG7 2RD

telephone: +44 (0)115 951 5458
Enquiries: jose.guinotsaporta@nottingham.ac.uk
Experiments: cedex@nottingham.ac.uk