Mixed Equilibria in Games of Strategic Complements Are Unstable
In games with strict strategic complementarities, properly mixed Nash equilibria--equilibria that are not in pure strategies--are unstable for a broad class of learning dynamics.
(This abstract was borrowed from another version of this item.)
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- Fudenberg Drew & Kreps David M., 1993.
"Learning Mixed Equilibria,"
Games and Economic Behavior,
Elsevier, vol. 5(3), pages 320-367, July.
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- Martin J Osborne & Ariel Rubinstein, 2009. "A Course in Game Theory," Levine's Bibliography 814577000000000225, UCLA Department of Economics.
- Benaim, Michel & Hirsch, Morris W., 1999. "Mixed Equilibria and Dynamical Systems Arising from Fictitious Play in Perturbed Games," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 36-72, October. Full references (including those not matched with items on IDEAS)