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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
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