Selecting equilibria using best-response dynamics

Authors: Boucher, Vincent
Abstract: I propose a simple simulation procedure for large games with multiple equilibria. The simulation procedure is based on a best-response dynamic. The implied equilibrium selection mechanism is intuitive: more stable equilibria are selected with higher probability.
Document Type: Article de recherche
Issue Date: 8 September 2017
Open Access Date: 3 April 2018
Document version: AM
Permalink: http://hdl.handle.net/20.500.11794/17504
This document was published in: Centre de recherche sur les risques les enjeux économiques et les politiques publiques
https://www.crrep.ca/selecting-equilibria-using-best-response-dynamics
Université Laval
Collection:Articles publiés dans des revues avec comité de lecture

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