With potential games, which outcome is better? (Q2221288)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | With potential games, which outcome is better? |
scientific article |
Statements
With potential games, which outcome is better? (English)
0 references
26 January 2021
0 references
Summary: Lower one- or two-dimensional coordination, or potential games, are popularly used to model interactive behavior, such as innovation diffusion and cultural evolution. Typically, this involves determining the ``better'' of competing solutions. However, examples have demonstrated that different measures of a ``good'' choice can lead to conflicting conclusions; a fact that reflects the history of game theory in equilibrium selection. This behavior is totally explained while extending the analysis to the full seven-dimensional class of potential games, which includes coordination games.
0 references
potential games
0 references
social welfare
0 references
risk dominance
0 references
payoff dominance
0 references
innovation diffusion
0 references
externalities
0 references
decomposition
0 references