English, Article, Journal or magazine article edition: Stochastic Uncoupled Dynamics and Nash Equilibrium Sergiu Hart; Andreu Mas-Colell

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Bookmark: http://trove.nla.gov.au/version/154081
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Stochastic Uncoupled Dynamics and Nash Equilibrium
Author
  • Sergiu Hart
  • Andreu Mas-Colell
Physical Description
  • preprint
Notes
  • In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in addition to random moves some recall is introduced, then successful search procedures that are uncoupled can be devised. In particular, to get almost sure convergence to pure Nash equilibria when these exist, it su±ces to recall the last two periods of play.
  • Uncoupled, Nash equilibrium, stochastic dynamics, bounded recall
  • RePEc:upf:upfgen:783
  • In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in addition to random moves some recall is introduced, then successful search procedures that are uncoupled can be devised. In particular, to get almost sure convergence to pure Nash equilibria when these exist, it suffices to recall the last two periods of play.
  • RePEc:huj:dispap:dp371
  • RePEc:cla:levrem:122247000000000466
Language
  • English
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