A multinomial probit model of stochastic evolution
A strategy revision process in symmetric normal form games is proposed. Following Kandori, Mailath, and Rob (1993), members of a population periodically revise their strategy choice, and choose a myopic best response to currently observed play. Their payoffs are perturbed by normally distributed Har...
| Váldodahkkit: | , |
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| Materiálatiipa: | Working paper |
| Almmustuhtton: |
University of Oxford
2002
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