Mixed equilibria are unstable in games of strategic complements (Q705846): Difference between revisions

In this paper the authors show that properly mixed-strategy Nash equilibria (PMNE) are bad predictions in games of strict strategic complements and show that PMNE are unstable under a broad class of learning dynamics. See also the articles by \textit{D. M. Topkis} [SIAM J. Control Optimizat. 17, 773--787 (1979; Zbl 0433.90091)] and \textit{X. Vives} [J. Math. Econ. 19, No.3, 305--321 (1990; Zbl 0708.90094)] in this connection.