Uncoupled dynamics cannot lead to Nash equilibrium
AbstractWe 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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Bibliographic InfoPaper provided by The Center for the Study of Rationality, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp299.
Date of creation: Aug 2002
Date of revision:
Publication status: Published in American Economic Review, 2003, vol. 93, pp. 1830-1836.
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-05-15 (All new papers)
- NEP-GTH-2003-05-15 (Game Theory)
- NEP-IND-2003-05-15 (Industrial Organization)
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