Payoff-dependent dynamics and coordination games

被引:0
|
作者
Sung-Ha Hwang
Jonathan Newton
机构
[1] Sogang University,
[2] University of Sydney,undefined
来源
Economic Theory | 2017年 / 64卷
关键词
Evolution; Coordination; Logit; Payoff dependence; C73; C78;
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学科分类号
摘要
This paper considers populations of agents whose behavior when playing some underlying game is governed by perturbed best (or better) response dynamics with perturbation probabilities that depend log-linearly on payoffs, a class that includes the logit choice rule. A convention is a state at which every agent plays a strategy that corresponds to the same strict Nash equilibrium of the underlying game. For coordination games with zero payoff off-diagonal, it is shown that the difficulty of leaving the basin of attraction of a convention can be well approximated by only considering paths of transitions on which an identical perturbation repeatedly affects one of the populations.
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页码:589 / 604
页数:15
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