Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9551702 | Games and Economic Behavior | 2005 | 27 Pages |
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.
Related Topics
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Authors
Jeffrey C. Ely, William H. Sandholm,