Article ID Journal Published Year Pages File Type
9551702 Games and Economic Behavior 2005 27 Pages PDF
Abstract
We introduce best response dynamics for settings where agents' preferences are diverse. Under these dynamics, which are defined on the space of Bayesian strategies, rest points and Bayesian equilibria are identical. We prove the existence and uniqueness of solution trajectories to these dynamics, and provide methods of analyzing the dynamics based on aggregation.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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