M. Mantovani, G. Kirchsteiger, A. Mauleon, Vincent Vannetelbosch
{"title":"Myopic or Farsighted? An Experiment on Network Formation","authors":"M. Mantovani, G. Kirchsteiger, A. Mauleon, Vincent Vannetelbosch","doi":"10.2139/ssrn.1871709","DOIUrl":null,"url":null,"abstract":"Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes myopic behavior of the agents in the sense that they do not forecast how others might react to their actions. Assuming that agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test these theories. Our results provide support for farsighted stability and strongly reject the idea of myopic behavior.","PeriodicalId":110280,"journal":{"name":"FEEM: Climate Change & Sustainable Development (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"32","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"FEEM: Climate Change & Sustainable Development (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1871709","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 32
Abstract
Pairwise stability (Jackson and Wolinsky, 1996) is the standard stability concept in network formation. It assumes myopic behavior of the agents in the sense that they do not forecast how others might react to their actions. Assuming that agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test these theories. Our results provide support for farsighted stability and strongly reject the idea of myopic behavior.
成对稳定性(Jackson and Wolinsky, 1996)是网络形成中的标准稳定性概念。它假设代理人的行为是短视的，因为他们不预测其他人对他们的行为会有什么反应。假设agent是有远见的，相关的稳定性概念已经被提出。我们设计了一个简单的网络形成实验来验证这些理论。我们的结果为远视稳定性提供了支持，并强烈反对近视行为的观点。
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