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Title:Taking a shower in youth hostels : risks and delights of heterogeneity PDF Logo
Authors:Matzke, Christina
Challet, Damien
Issue Date:2008
Series/Report no.:Bonn econ discussion papers 2008,1
Abstract:Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The temperature sensitivity increases with the number of agents, making the problem possibly unlearnable. Because there is in practice a finite number of possible tap positions, identical agents are unlikely to reach even approximately their favorite water temperature. Heterogeneity allows some agents to reach much better temperatures, at the cost of higher risk.
Subjects:coordination
heterogeneity
adaptive learning
non-linear system
feedback
JEL:C02
C61
C62
C63
D70
D83
Document Type:Working Paper
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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