Uncoupled dynamics cannot lead to Nash equilibrium

We call a dynamical system uncoupled if the dynamic for each player does not depend on the payoffs of the other players. We show that there are no uncoupled dynamics that are guaranteed to converge to Nash equilibrium, even when the Nash equilibrium is unique.

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Year of publication:	2002-08
Authors:	Hart, Sergiu ; Mas-Colell, Andreu
Institutions:	Center for the Study of Rationality, Hebrew University of Jerusalem

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Extent:	text/html
Series:	Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Published in American Economic Review, 2003, vol. 93, pp. 1830-1836.
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005596276