Random matching in adaptive dynamics

This paper studies the effect of randomness in per-period matching on the long-run outcome of non-equilibrium adaptive processes. If there are many matchings between each strategy revision, the randomness due to matching will be small; our question is when a very small noise due to matching has a ne...

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Bibliographic Details
Main Authors: Ellison, Glenn, Fudenberg, Drew, Imhof, Lorens A.
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: Elsevier 2016
Online Access:http://hdl.handle.net/1721.1/101251
https://orcid.org/0000-0003-3164-0855