Stochastic Evolution with Slow Learning.
This paper studies the extent to which diusion approximations provide a reliable guide to equilibrium selection results in nite games. It is shown that they do for a class of nite games with weak learning provided that limits are taken in a certain order. The paper also shows that making mutation ra...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2000
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| _version_ | 1826291074308505600 |
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| author | Beggs, A |
| author_facet | Beggs, A |
| author_sort | Beggs, A |
| collection | OXFORD |
| description | This paper studies the extent to which diusion approximations provide a reliable guide to equilibrium selection results in nite games. It is shown that they do for a class of nite games with weak learning provided that limits are taken in a certain order. The paper also shows that making mutation rates small does not in general select a unique equilibrium but making selection strong does. |
| first_indexed | 2024-03-07T02:53:56Z |
| format | Working paper |
| id | oxford-uuid:aea2086d-5a87-442c-983c-5cd32a71c49c |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T02:53:56Z |
| publishDate | 2000 |
| publisher | Department of Economics (University of Oxford) |
| record_format | dspace |
| spelling | oxford-uuid:aea2086d-5a87-442c-983c-5cd32a71c49c2022-03-27T03:43:52ZStochastic Evolution with Slow Learning.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:aea2086d-5a87-442c-983c-5cd32a71c49cEnglishDepartment of Economics - ePrintsDepartment of Economics (University of Oxford)2000Beggs, AThis paper studies the extent to which diusion approximations provide a reliable guide to equilibrium selection results in nite games. It is shown that they do for a class of nite games with weak learning provided that limits are taken in a certain order. The paper also shows that making mutation rates small does not in general select a unique equilibrium but making selection strong does. |
| spellingShingle | Beggs, A Stochastic Evolution with Slow Learning. |
| title | Stochastic Evolution with Slow Learning. |
| title_full | Stochastic Evolution with Slow Learning. |
| title_fullStr | Stochastic Evolution with Slow Learning. |
| title_full_unstemmed | Stochastic Evolution with Slow Learning. |
| title_short | Stochastic Evolution with Slow Learning. |
| title_sort | stochastic evolution with slow learning |
| work_keys_str_mv | AT beggsa stochasticevolutionwithslowlearning |