A note on control costs and logit rules for strategic games

被引:5
作者
Baron, R
Durieu, J
Haller, H [1 ]
Solal, P
机构
[1] Univ St Etienne, CREUSET, F-42100 St Etienne, France
[2] Virginia Polytech Inst & State Univ, Dept Econ, Blacksburg, VA 24061 USA
关键词
stochastic best response dynamics; evolutionary games;
D O I
10.1007/s00191-002-0135-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
We consider best response dynamics with endogenous noise based on a finite game in strategic form. A player can reduce the noise level by expending an extra effort and incurring some disutility or control costs. We specify control costs that result in logit adjustment rules. The stochastically stable states of the dynamic process are partial Nash configurations, that is, states where at least one player plays a best response against the others. If the game has a potential, then the stochastically stable states coincide with the Nash equilibria on which the potential is maximized.
引用
收藏
页码:563 / 575
页数:13
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