Title
Agent-based simulation of trust games for communication and information
Abstract
A trust game is a two-player game in extended form. The sub game perfect equilibrium of the game is that a player called an investor does not invest the wealth. Because, this behavior is the best response of the investor according to the best response of the another player, called an investor, "not invest". Based on the experimental results of Blacht and Feltovitch(2009), many human subjects choose the equilibrium strategies. However, who are allowed to communicate with the opponent by cheap talk or to observe past activities of the opponent sometimes choose cooperative strategies not strategies. In this study, an agent-based simulation experiments are conducted to analyze the effect of the communication and information effects in the trust games. The experimental result indicates that the effect of information of the past behavior of the opponent to the cooperative behavior is larger than the effect of communication.
Year
DOI
Venue
2016
10.1109/IWCIA.2016.7805757
2016 IEEE 9th International Workshop on Computational Intelligence and Applications (IWCIA)
Keywords
Field
DocType
trust game,observation,cheap talk,penalty,neural networks,genetic algorithms
Mathematical optimization,Fictitious play,Strategy,Simulation,Computer science,Microeconomics,Repeated game,Game theory,Normal-form game,Sequential game,Screening game,Extensive-form game
Conference
ISBN
Citations 
PageRank 
978-1-5090-2776-7
0
0.34
References 
Authors
4
4
Name
Order
Citations
PageRank
Tomoharu Hasegawa100.34
Tomohiro Hayashida22911.56
Ichiro Nishizaki344342.37
Shinya Sekizaki402.37