Showing 1 - 10 of 77
Persistent link: https://www.econbiz.de/10005028383
We examine an evolutionary model in which the primary source of "noise" that moves the model between equilibria is not random, arbitrarily improbable mutations but mistakes in learning. We find conditions under which the payoff-dominant equilibrium in a 2x2 game is selected by the model as well...
Persistent link: https://www.econbiz.de/10004968257
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10004968320
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10010291005
This paper develops an approach to equilibrium selection in game theory based on studying the equilibriating process through which equilibrium is achieved. The differential equations derived from models of interactive learning typically have stationary states that are not isolated. Instead, Nash...
Persistent link: https://www.econbiz.de/10010291051
Persistent link: https://www.econbiz.de/10000886967
Persistent link: https://www.econbiz.de/10000892117
Persistent link: https://www.econbiz.de/10000892118
Persistent link: https://www.econbiz.de/10000892125
Persistent link: https://www.econbiz.de/10000892128