Stochastic evolution with slow learning

B-Tier
Journal: Economic Theory
Year: 2002
Volume: 19
Issue: 2
Pages: 379-405

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

This paper studies the extent to which diffusion approximations provide a reliable guide to equilibrium selection results in finite games. It is shown that they do for a class of finite games with weak learning provided that limits are taken in a certain order. The paper also shows that making mutation rates small does not in general select a unique equilibrium but making selection strong does.

Technical Details

RePEc Handle
repec:spr:joecth:v:19:y:2002:i:2:p:379-405
Journal Field
Theory
Author Count
1
Added to Database
2026-01-24