A Necessary and Sufficient Condition for Convergence of Statistical to Strategic Equilibria of Market Games
We analyze a market game where traders are heterogeneous with respect to their rationality level and have asymmetric information. The market mechanism results into a statistical equilibrium, where traders randomise among their available actions due to their limited rationality. We provide a necessar...
| Những tác giả chính: | , |
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| Định dạng: | Journal article |
| Được phát hành: |
2009
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