Kreindler, Gabriel E.; Young, H. Peyton - In: Games and Economic Behavior 80 (2013) C, pp. 39-67
Stochastic best response models provide sharp predictions about equilibrium selection when the noise level is arbitrarily small. The difficulty is that, when the noise is extremely small, it can take an extremely long time for a large population to reach the stochastically stable equilibrium. An...