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I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract representation as a sequence of probability distributions that...
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limit point of a subgame perfect equilibrium path. Necessary conditions are derived for achievability under relatively …
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originates in the signaling role of policy choices. A novel procedure of iterated elimination of non-equilibrium strategies is … equilibrium selections. The sharpness of these predictions improves as the noise gets smaller, but disappears in the complete …
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determinateness property, the existence of equilibria, and the closed graph property for equilibrium correspondences in general … equilibrium theory and game theory. …
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I provide a broad overview of the findings reported in the articles submitted for this special volume on experimental studies of social dilemma problems. I start by providing a synopsis of where current research stands on this topic. Then I go on to discuss the specific papers and how those...
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