Solal, Philippe; Haller, Hans; Baron, Richard; Durieu, … - In: Journal of Evolutionary Economics 12 (2002) 5, pp. 563-575
We consider best response dynamics with endogenous noise based on a finite game in strategic form. A player can reduce the noise level by expending an extra effort and incurring some disutility or control costs. We specify control costs that result in logit adjustment rules. The stochastically...