Networks of Institutions by Shuanping Dai

Author:Shuanping Dai
Language: eng
Format: epub
Publisher: Routledge

Before we go further, it should be pointed out that we only consider the effects of social distance under a static situation. Such a simplified setting can immediately find the role of social distance in individual decisions and can separate the effects of movements from the investigation. When we suppose that all agents are initially playing A , then we have the expected payoff as follows:

If the agents want to adjust the strategy, that is, ΠiB > ΠiA, then we have

Analogously, if all agents are playing B initially, that is ΠiA > ΠiB, then we have

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