Stochastic better-reply dynamics in finite games (Q926202)

From MaRDI portal
Revision as of 12:20, 7 July 2023 by Importer (talk | contribs) (‎Created a new Item)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
scientific article
Language Label Description Also known as
English
Stochastic better-reply dynamics in finite games
scientific article

    Statements

    Stochastic better-reply dynamics in finite games (English)
    0 references
    0 references
    26 May 2008
    0 references
    The author studies a model where individuals from finite populations are repeatedly drawn to play a finite game and in every period choose a weakly better reply (not necessarily a best reply) to a sample distribution from a finite history of past play. It is shown that if the sample is small enough, the dynamics converges globally to sets of states that span MCUBR sets (minimal closed sets under better replies). In particular, there is convergence almost surely to a strict Nash equilibrium from any initial state if and only if all MCUBR sets are singleton.
    0 references
    stochastic adaptation
    0 references
    better replies
    0 references
    weakly acyclic games
    0 references
    Markov chains
    0 references

    Identifiers