The logit-response dynamics

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 68
Issue: 2
Pages: 413-427

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 develop a characterization of stochastically stable states for the logit-response learning dynamics in games, with arbitrary specification of revision opportunities. The result allows us to show convergence to the set of Nash equilibria in the class of best-response potential games and the failure of the dynamics to select potential maximizers beyond the class of exact potential games. We also study to which extent equilibrium selection is robust to the specification of revision opportunities. Our techniques can be extended and applied to a wide class of learning dynamics in games.

Technical Details

RePEc Handle
repec:eee:gamebe:v:68:y:2010:i:2:p:413-427
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24