search query: @author Fudenberg, D. / total: 10
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Author: | Ellison, G. Fudenberg, D. |
Title: | Learning purified mixed equilibria |
Journal: | Journal of Economic Theory
2000 : JAN, VOL. 90:1, p. 84-115 |
Index terms: | Equilibrium analysis Game theory Models |
Language: | eng |
Abstract: | This paper examines the local stability of mixed equilibria in a smoothed fictitious play model. The model is easy to analyze and yields the same conclusion as other models in 2 x 2 games. The focus is on 3 x 3 games. Contrary to some previous suggestions, learning can sometimes provide a justification of payoff perturbations. The totally mixed equilibria of zero sum games are generically stable, and the totally mixed equilibria of symmetric games with symmetric perturbations are generically unstable. |
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