Local Interactions andp-Best Response Set
Copyright policy )Local Interactions andp-Best Response Set
We study a local interaction model where agents play a finiten-person game following a perturbed best-response process with inertia. We consider the concept of minimalp-best response set to analyze distributions of actions on the long run. We distinguish between two assumptions made by agents about the matching rule. We show that only actions contained in the minimalp-best response set can be selected provided thatpis sufficiently small. We demonstrate that these predictions are sensitive to the assumptions about the matching rule.
game theory, model, 330, Evolutionary games, model,game theory,modèle,théorie des jeux, \(n\)-person games, \(n>2\), théorie des jeux, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, modèle, QA1-939, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Mathematics
game theory, model, 330, Evolutionary games, model,game theory,modèle,théorie des jeux, \(n\)-person games, \(n>2\), théorie des jeux, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, modèle, QA1-939, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Mathematics
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