Experimentation, imitation, and stochastic stability

DOI10.1006/jeth.1998.2477zbMath0917.90302OpenAlexW2074247926MaRDI QIDQ1283853

Douglas Gale, Robert W. Rosenthal

Publication date: 30 March 1999

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/a2081416821c78488a057b9ab8a21d309d9e3b17

zbMATH Keywords

symmetric equilibriumboundedly rational agents

Mathematics Subject Classification ID

Memory and learning in psychology (91E40) Multistage and repeated games (91A20)

Related Items (19)

Stochastic Darwinian equilibria in small and large populations ⋮ Imitators and optimizers in a changing environment ⋮ Imitation, coordination and the emergence of Nash equilibrium ⋮ Robert W. Rosenthal (1945--2002) ⋮ Equilibrium selection in bargaining models. ⋮ Effects of size, composition, and evolutionary pressure in heterogeneous Cournot oligopolies with best response decisional mechanisms ⋮ Complex price dynamics in a financial market with imitation ⋮ Heterogeneity and the (de)stabilizing role of rationality ⋮ Co-evolution of firms and consumers and the implications for market dominance ⋮ Complex dynamics associated with the appearance/disappearance of invariant closed curves ⋮ Experimentation, imitation, and stochastic stability: Addendum ⋮ Better-reply dynamics and global convergence to Nash equilibrium in aggregative games ⋮ Incentive mechanism design problem based on gradient dynamics ⋮ Stochastic adaptation in finite games played by heterogeneous populations ⋮ Imitation Dynamic and Nash Equilibrium in Cournot Oligopoly with Capacities ⋮ Imitators and optimizers in Cournot oligopoly ⋮ Economists' models of learning ⋮ An evolutionary analysis of insurance markets with adverse selection. ⋮ Endogenous fluctuations under evolutionary pressure in Cournot competition

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• Learning, Mutation, and Long Run Equilibria in Games

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