Dynamic Stability in Repeated Games
نویسندگان
چکیده
منابع مشابه
Repeated Signalling Games and Dynamic Trading Relationships
A seller of a nondurable good repeatedly faces a buyer who is privately informed about the position of his demand curve. The seller offers a price in each period. The buyer chooses a quantity given the price. The quantity demanded reveals information about the buyer. An equilibrium is characterized with the feature that buyer types separate completely in the first period. This equilibrium uniqu...
متن کاملEvolutionary Stability in Repeated Games Played by Finite Automata
We consider a game in which “meta-players” choose finite automata to play a repeated stage game. Meta-players’ utilities are lexicographic, first increasing in the (limit-of-the-means) payoffs of the repeated game and second decreasing in the number of states in their automaton. We examine the outcomes in this game which satisfy a version of evolutionary stability that has been modified to perm...
متن کاملRobustness to Incomplete Information in Repeated and Dynamic Games
This paper extends Kajii and Morris (1997)’s notion of robustness to incomplete information to repeated and more generally dynamic games. We argue that in dynamic games, the requirements of robustness should be strengthened to allow for small payoff deviations with large probability. Under this strengthening, we show that dynamically robust equilibria can be characterized by applying a one-shot...
متن کاملAnti-Coordination Games and Dynamic stability
We introduce the class of anti-coordination games, including the hawk-dove game as a special case. A symmetric two-player game is said to have the anti-coordination property if any worst response to a mixed strategy is in the support of that mixed strategy. Every anti-coordination game has a unique interior Nash equilibrium. We investigate stability of the static equilibrium under several dynam...
متن کاملDynamic system of strategic games
Maybe an event can't be modeled completely through one game but there is more chance with several games. With emphasis on players' rationality, we present new properties of strategic games, which result in production of other games. Here, a new attitude to modeling will be presented in game theory as dynamic system of strategic games and its some applications such as analysis of the clash betwe...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.925808