Inertia of Social Rotation in Laboratory 2×2 Population Games

4 Pages Posted: 16 Jan 2012 Last revised: 17 Jan 2012

See all articles by Bin Xu

Bin Xu

School of Economics, Zhejiang Gongshang University

Zhijian Wang

Zhejiang University - Experimental Social Science Laboratory

Date Written: January 15, 2012

Abstract

Two observable, for social rotation in population strategy space, the mean of the angular momentum (L) and the mean of the angular velocity (w), can be observed in data of a laboratory 2x2 two-population game. In data from the experimental economics games, with population size (N) from 2, 8, 12 and 16 and with more than 30 different 2×2 payoff matrix, we find, the inertia of social rotation $I$ (equals to L/w) is an inverse proportion to N, however, statistically not dependence on payoff matrix.

Keywords: experimental economics, population game, inertia of social rotation, game theory, social dynamics, Edgeworth cycle, Shapley polygon

Suggested Citation

Xu, Bin and Wang, Zhijian, Inertia of Social Rotation in Laboratory 2×2 Population Games (January 15, 2012). Available at SSRN: https://ssrn.com/abstract=1985513 or http://dx.doi.org/10.2139/ssrn.1985513

Bin Xu

School of Economics, Zhejiang Gongshang University ( email )

18 Xuezheng Street, Hangzhou
Hangzhou, Zhejiang 310018
China
15888897050 (Phone)

Zhijian Wang (Contact Author)

Zhejiang University - Experimental Social Science Laboratory ( email )

38 Zheda Road
312, Dongsan, Zijingang
Hangzhou 310027, Zhejiang 310058
China

HOME PAGE: http://socexp.zju.edu.cn

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