Best-response dynamics in lottery contests
We study the convergence of best-response dynamics in lottery contests. We show that best-response dynamics rapidly converges to the (unique) equilibrium for homogeneous agents but may not converge for non-homogeneous agents, even for just two non-homogeneous agents.
| Main Authors: | , |
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| Format: | Conference item |
| Language: | English |
| Published: |
Association for Computing Machinery
2023
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| _version_ | 1817931377248567296 |
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| author | Ghosh, A Goldberg, PW |
| author_facet | Ghosh, A Goldberg, PW |
| author_sort | Ghosh, A |
| collection | OXFORD |
| description | We study the convergence of best-response dynamics in lottery contests. We show that best-response dynamics rapidly converges to the (unique) equilibrium for homogeneous agents but may not converge for non-homogeneous agents, even for just two non-homogeneous agents. |
| first_indexed | 2024-12-09T03:21:03Z |
| format | Conference item |
| id | oxford-uuid:1a379075-81ff-4d92-a981-3a30c7b8ee4b |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-12-09T03:21:03Z |
| publishDate | 2023 |
| publisher | Association for Computing Machinery |
| record_format | dspace |
| spelling | oxford-uuid:1a379075-81ff-4d92-a981-3a30c7b8ee4b2024-11-12T12:40:11ZBest-response dynamics in lottery contestsConference itemhttp://purl.org/coar/resource_type/c_5794uuid:1a379075-81ff-4d92-a981-3a30c7b8ee4bEnglishSymplectic ElementsAssociation for Computing Machinery2023Ghosh, AGoldberg, PWWe study the convergence of best-response dynamics in lottery contests. We show that best-response dynamics rapidly converges to the (unique) equilibrium for homogeneous agents but may not converge for non-homogeneous agents, even for just two non-homogeneous agents. |
| spellingShingle | Ghosh, A Goldberg, PW Best-response dynamics in lottery contests |
| title | Best-response dynamics in lottery contests |
| title_full | Best-response dynamics in lottery contests |
| title_fullStr | Best-response dynamics in lottery contests |
| title_full_unstemmed | Best-response dynamics in lottery contests |
| title_short | Best-response dynamics in lottery contests |
| title_sort | best response dynamics in lottery contests |
| work_keys_str_mv | AT ghosha bestresponsedynamicsinlotterycontests AT goldbergpw bestresponsedynamicsinlotterycontests |