| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072222 | Games and Economic Behavior | 2012 | 30 Pages |
Abstract
⺠We study equilibrium selection in asymmetric binary choice coordination games. ⺠The evolutionary dynamics belongs to the family of noisy best-response dynamics. ⺠We develop the optimal control approach to evolutionary equilibrium selection. ⺠With this method we compute the stochastic potential of equilibria exactly. ⺠We apply this to the best-response with mutations, logit and probit dynamics.
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Authors
Mathias Staudigl,