Selection Dynamics, Asymptotic Stability, and Adaptive Behavior.

S-Tier
Journal: Journal of Political Economy
Year: 1994
Volume: 102
Issue: 5
Pages: 975-1005

Authors (3)

Van Huyck, John B Cook, Joseph P (not in RePEc) Battalio, Raymond C

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Selection dynamics are often used to distinguish stable and unstable equilibria. This is particularly useful when multiple equilibria prevent a priori comparative static analysis. This paper reports an experiment designed to compare the accuracy of the myopic best-response dynamic and an inertial selection dynamic. The inertial selection dynamic makes more accurate predictions about the observed mutual best-response outcomes. Copyright 1994 by University of Chicago Press.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:102:y:1994:i:5:p:975-1005
Journal Field
General
Author Count
3
Added to Database
2026-01-24