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Time Average Replicator and Best-Reply Dynamics

Author

Listed:
  • Josef Hofbauer

    () (Department of Mathematics, University of Vienna, A-1090 Vienna, Austria)

  • Sylvain Sorin

    () (Equipe Combinatoire et Optimisation, CNRS FRE3232 Faculté de Mathématiques, UPMC-Paris 6, 75013 Paris, France, and Laboratoire d'Econométrie, Ecole Polytechnique, 75005 Paris, France)

  • Yannick Viossat

    () (Ceremade, Université Paris-Dauphine, F-75016 Paris, France)

Abstract

Using an explicit representation in terms of the logit map, we show, in a unilateral framework, that the time average of the replicator dynamics is a perturbed solution of the best-reply dynamics.

Suggested Citation

  • Josef Hofbauer & Sylvain Sorin & Yannick Viossat, 2009. "Time Average Replicator and Best-Reply Dynamics," Mathematics of Operations Research, INFORMS, vol. 34(2), pages 263-269, May.
  • Handle: RePEc:inm:ormoor:v:34:y:2009:i:2:p:263-269
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    File URL: http://dx.doi.org/10.1287/moor.1080.0359
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    References listed on IDEAS

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    1. Viossat, Yannick, 2007. "The replicator dynamics does not lead to correlated equilibria," Games and Economic Behavior, Elsevier, vol. 59(2), pages 397-407, May.
    2. Foster, Dean P. & Vohra, Rakesh, 1999. "Regret in the On-Line Decision Problem," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 7-35, October.
    3. Gaunersdorfer Andrea & Hofbauer Josef, 1995. "Fictitious Play, Shapley Polygons, and the Replicator Equation," Games and Economic Behavior, Elsevier, vol. 11(2), pages 279-303, November.
    4. Ed Hopkins, 2002. "Two Competing Models of How People Learn in Games," Econometrica, Econometric Society, vol. 70(6), pages 2141-2166, November.
    5. Sergiu Hart & Andreu Mas-Colell, 2000. "A Simple Adaptive Procedure Leading to Correlated Equilibrium," Econometrica, Econometric Society, vol. 68(5), pages 1127-1150, September.
    6. Gilboa, Itzhak & Matsui, Akihiko, 1991. "Social Stability and Equilibrium," Econometrica, Econometric Society, vol. 59(3), pages 859-867, May.
    7. Michel Benaim & Josef Hofbauer & Sylvain Sorin, 2005. "Stochastic Approximations and Differential Inclusions II: Applications," Levine's Bibliography 784828000000000098, UCLA Department of Economics.
    8. Michel Benaïm & Josef Hofbauer & Sylvain Sorin, 2003. "Stochastic Approximations and Differential Inclusions," Working Papers hal-00242990, HAL.
    9. Freund, Yoav & Schapire, Robert E., 1999. "Adaptive Game Playing Using Multiplicative Weights," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 79-103, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Viossat, Yannick & Zapechelnyuk, Andriy, 2013. "No-regret dynamics and fictitious play," Journal of Economic Theory, Elsevier, vol. 148(2), pages 825-842.
    2. repec:hal:wpaper:hal-00713871 is not listed on IDEAS
    3. van Strien, Sebastian & Sparrow, Colin, 2011. "Fictitious play in 3x3 games: Chaos and dithering behaviour," Games and Economic Behavior, Elsevier, vol. 73(1), pages 262-286, September.
    4. Yannick Viossat, 2012. "Game Dynamics and Nash Equilibria," Working Papers hal-00756096, HAL.
    5. Yannick Viossat, 2015. "Evolutionary dynamics and dominated strategies," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(1), pages 91-113, April.
    6. Russell Golman, 2011. "Why learning doesn’t add up: equilibrium selection with a composition of learning rules," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(4), pages 719-733, November.
    7. Sandholm, William H., 2015. "Population Games and Deterministic Evolutionary Dynamics," Handbook of Game Theory with Economic Applications, Elsevier.
    8. Michel Benaïm & Josef Hofbauer & Sylvain Sorin, 2012. "Perturbations of Set-Valued Dynamical Systems, with Applications to Game Theory," Dynamic Games and Applications, Springer, vol. 2(2), pages 195-205, June.
    9. Lahkar, Ratul & Seymour, Robert M., 2013. "Reinforcement learning in population games," Games and Economic Behavior, Elsevier, vol. 80(C), pages 10-38.
    10. Yannick Viossat, 2014. "Game Dynamics and Nash Equilibria," Post-Print hal-00756096, HAL.
    11. Laraki, Rida & Mertikopoulos, Panayotis, 2013. "Higher order game dynamics," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2666-2695.
    12. Panayotis Mertikopoulos & Yannick Viossat, 2016. "Imitation dynamics with payoff shocks," International Journal of Game Theory, Springer;Game Theory Society, vol. 45(1), pages 291-320, March.

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