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Mixed Equilibria in Games of Strategic Complements Are Unstable

  • Federico Echenique

    (Universidad Torcuato Di Tella & Facultad de Ciencias Sociales, Universidad de la Republica)

  • Aaron Edlin

    (University of California, Berkeley)

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.

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File URL: http://128.118.178.162/eps/game/papers/0303/0303003.pdf
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Paper provided by EconWPA in its series Game Theory and Information with number 0303003.

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Length: 24 pages
Date of creation: 19 Mar 2003
Date of revision:
Handle: RePEc:wpa:wuwpga:0303003
Note: 24 pages, Acrobat .pdf
Contact details of provider: Web page: http://128.118.178.162

References listed on IDEAS
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  1. Martin J. Osborne & Ariel Rubinstein, 1994. "A Course in Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650401, June.
  2. Ellison, Glenn & Fudenberg, Drew, 2000. "Learning Purified Mixed Equilibria," Journal of Economic Theory, Elsevier, vol. 90(1), pages 84-115, January.
  3. Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, June.
  4. Fudenberg Drew & Kreps David M., 1993. "Learning Mixed Equilibria," Games and Economic Behavior, Elsevier, vol. 5(3), pages 320-367, July.
  5. Drew Fudenberg & David K. Levine, 1998. "Learning in Games," Levine's Working Paper Archive 2222, David K. Levine.
  6. 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.
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