Imitation,coordination and the emergence of Nash equilibrium |
| |
Authors: | Edward Cartwright |
| |
Institution: | (1) Department of Economics, Keynes College, University of Kent, Canterbury, CT2 7NP, UK |
| |
Abstract: | We consider a learning dynamic in which players imitate and better reply. Sufficient conditions are provided for Nash equilibrium
play to emerge over time. The role of imitation in the learning dynamic is discussed through a series of examples. Most interestingly
we demonstrate how imitation can ‘help’ the emergence of Nash equilibrium where ‘more rational’ methods do not. |
| |
Keywords: | Imitation Better reply Coordination games Nash equilibrium |
本文献已被 SpringerLink 等数据库收录! |
|