Publikation:

The logit-response dynamics

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Datum

2010

Autor:innen

Netzer, Nick

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URI (zitierfähiger Link)
http://nbn-resolving.de/urn:nbn:de:bsz:352-144524
DOI (zitierfähiger Link)
https://doi.org/10.1016/j.geb.2009.08.004
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Published

Erschienen in

Games and Economic Behavior. 2010, 68(2), pp. 413-427. ISSN 0899-8256. Available under: doi: 10.1016/j.geb.2009.08.004

Zusammenfassung

We develop a characterization of stochastically stable states for the previous termlogit-responsenext term learning previous termdynamicsnext term in games, with arbitrary specification of revision opportunities. The result allows us to show convergence to the set of Nash equilibria in the class of best-previous termresponsenext term potential games and the failure of the previous termdynamicsnext term to select potential maximizers beyond the class of exact potential games. We also study to which extent equilibrium selection is robust to the specification of revision opportunities. Our techniques can be extended and applied to a wide class of learning previous termdynamicsnext term in games.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Learning in games, Logit-response dynamics, Best-response, potential games

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ISO 690ALÓS-FERRER, Carlos, Nick NETZER, 2010. The logit-response dynamics. In: Games and Economic Behavior. 2010, 68(2), pp. 413-427. ISSN 0899-8256. Available under: doi: 10.1016/j.geb.2009.08.004
BibTex
@article{AlosFerrer2010logit-14452,
  year={2010},
  doi={10.1016/j.geb.2009.08.004},
  title={The logit-response dynamics},
  number={2},
  volume={68},
  issn={0899-8256},
  journal={Games and Economic Behavior},
  pages={413--427},
  author={Alós-Ferrer, Carlos and Netzer, Nick}
}
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