Stochastically Stable Equilibria in Coordination Games with Multiple Populations
Stochastically Stable Equilibria in Coordination Games with Multiple Populations
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发表时间:
2009
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通讯作者:
Toshimasa Maruta;Akira Okada
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作者:
Toshimasa Maruta;Akira Okada
We investigate the equilibrium selection problem in n-person binary coordination games by means of adaptive play with mistakes (Young 1993). The size and the depth of a particular type of basins of attraction are found to be the main factors in determining the selection outcome. The main result shows that if a strategy has the larger basin of attraction, and if it is deep enough, then the strategy constitutes a stochastically stable equilibrium. The existence of games with multiple stochastically stable equilibria is an immediate consequence of the result. We explicitly address the qualitative difference between selection results in multi-dimensional stochastic evolution models and those in single dimensional models, and shed some light on the source of the difference.