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SELECTION DYNAMICS, ASYMPTOTIC STABILITY, AND ADAPTIVE-BEHAVIOR

delete1994-10-01
delete42
PRE
AI
V
VANHUYCK, JB *
J
Joseph P. Cook
R
Raymond C. Battalio
DOI:10.1086/261961delete
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摘要

摘要

En 中文
Selection dynamics are often used to distinguish stable and unstable equilibria. This is particularly useful when multiple equilibria prevent a priori comparative static analysis. This paper reports an experiment designed to compare the accuracy of the myopic best-response dynamic and an inertial selection dynamic. The inertial selection dynamic makes more accurate predictions about the observed mutual best-response outcomes.
Keyword:
MODELS
CHAOS
GAMES
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期刊

Journal of Political Economy 封面图
Journal of Political Economy
IF:
6.3
论文数:
2.6K
被引数:
3.2W

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