Stochastic Evolution with Slow Learning
AbstractThis paper studies the extent to which diffusion approximations provide a reliable guide to equilibrium selection results in finite games. It is shown that they do for a class of finite games with weak learning provided that limits are taken in a certain order. The paper also shows that making mutation rates small does not in general select a unique equilibrium but making selection strong does.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 9933.
Length: 29 pages
Date of creation: 2000
Date of revision:
GAMES ; RISK ; MUTATIONS;
Other versions of this item:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Izquierdo, Luis R. & Izquierdo, Segismundo S. & Gotts, Nicholas M. & Polhill, J. Gary, 2007. "Transient and asymptotic dynamics of reinforcement learning in games," Games and Economic Behavior, Elsevier, vol. 61(2), pages 259-276, November.
- Dai, Darong, 2010. "The Evolution of Cooperation in a Generalized Moran Process," MPRA Paper 40511, University Library of Munich, Germany.
- Sandholm, William H., 2003. "Evolution and equilibrium under inexact information," Games and Economic Behavior, Elsevier, vol. 44(2), pages 343-378, August.
- Beggs, A.W., 2007.
"Large deviations and equilibrium selection in large populations,"
Journal of Economic Theory,
Elsevier, vol. 132(1), pages 383-410, January.
- Alan Beggs, 2002. "Large Deviations and Equilibrium Selection in Large Populations," Economics Series Working Papers 129, University of Oxford, Department of Economics.
- Sandholm,W.H., 1999. "Markov evolution with inexact information," Working papers 15, Wisconsin Madison - Social Systems.
- Dai, Darong, 2010.
[The Evolution of Cooperation in a Generalized Moran Process]," MPRA Paper 40261, University Library of Munich, Germany.
- Dai, Darong, 2012. "Learning Nash Equilibria," MPRA Paper 40040, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Caroline Wise).
If references are entirely missing, you can add them using this form.