The target projection dynamic

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 67
Issue: 2
Pages: 708-719

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We study the target projection dynamic, a model of learning in normal form games. The dynamic is given a microeconomic foundation in terms of myopic optimization under control costs due to a certain status-quo bias. We establish a number of desirable properties of the dynamic: existence, uniqueness and continuity of solution trajectories, Nash stationarity, positive correlation with payoffs, and innovation. Sufficient conditions are provided under which strictly dominated strategies are wiped out. Finally, some stability results are provided for special classes of games.

Technical Details

RePEc Handle
repec:eee:gamebe:v:67:y:2009:i:2:p:708-719
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29