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Conventions in large games with randomly drawn payoffs

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  • Newton, Jonathan
  • Sawa, Ryoji

Abstract

By showing that a one-shot deviation property holds for almost all large games with i.i.d. randomly drawn payoffs in which a convention (in the sense of Young, 1993a) exists, long-run outcomes under behavioral rules are characterized by social choice rules.

Suggested Citation

  • Newton, Jonathan & Sawa, Ryoji, 2026. "Conventions in large games with randomly drawn payoffs," Games and Economic Behavior, Elsevier, vol. 157(C), pages 50-70.
    • Handle: RePEc:eee:gamebe:v:157:y:2026:i:c:p:50-70
    DOI: 10.1016/j.geb.2025.12.006
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    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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