کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5072455 1373505 2010 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Long-run equilibria with dominated strategies
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Long-run equilibria with dominated strategies
چکیده انگلیسی
We show that the predictions of long-run behavior under the evolutionary process are highly sensitive to the addition and elimination of strictly dominated strategies. In particular, for the best response dynamics [cf. Kandori, M., Rob, R., 1995. Evolution of equilibria in the long run: A general theory and applications. J. Econ. Theory 65 (2), 383-414] we prove that for any symmetric normal form game, any strict Nash equilibrium can be selected as the unique long-run equilibrium by appropriately adding only one single strategy which is strictly dominated by all original strategies. Moreover, if we further assume instantaneous adjustment, then any convex combination of strict Nash equilibria with rational number weights can be realized as the long-run distribution by appropriately adding strictly dominated strategies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 68, Issue 1, January 2010, Pages 242-254
نویسندگان
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