Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications

Producción Científica

Detalles Bibliográficos
Autores: Izquierdo Millán, Segismundo Samuel, Izquierdo Millán, Luis Rodrigo
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2022
País:España
Institución:Universidad de Valladolid
Repositorio:UVaDOC. Repositorio Documental de la Universidad de Valladolid
OAI Identifier:oai:uvadoc.uva.es:10324/55532
Acceso en línea:https://doi.org/10.1016/j.jet.2022.105553
https://uvadoc.uva.es/handle/10324/55532
Access Level:acceso abierto
Palabra clave:53 Ciencias Económicas
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spelling Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applicationsIzquierdo Millán, Segismundo SamuelIzquierdo Millán, Luis Rodrigo53 Ciencias EconómicasProducción CientíficaWe consider a family of population game dynamics known as Best Experienced Payoff Dynamics. Under these dynamics, when agents are given the opportunity to revise their strategy, they test some of their possible strategies a fixed number of times. Crucially, each strategy is tested against a new randomly drawn set of opponents. The revising agent then chooses the strategy whose total payoff was highest in the test, breaking ties according to a given tie-breaking rule. Strict Nash equilibria are rest points of these dynamics, but need not be stable. We provide some simple formulas and algorithms to determine the stability or instability of strict Nash equilibria.Agencia Estatal de Investigación (project PID2020-118906GB-I00/AEI/10.13039/501100011033)Ministerio de Ciencia, Innovación y Universidades (projects PRX19/00113 and PRX21/00295)Elsevier2022info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://doi.org/10.1016/j.jet.2022.105553https://uvadoc.uva.es/handle/10324/55532reponame:UVaDOC. Repositorio Documental de la Universidad de Valladolidinstname:Universidad de ValladolidIngléshttps://www.sciencedirect.com/science/article/pii/S0022053122001430?via%3Dihubinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/oai:uvadoc.uva.es:10324/555322026-06-13T12:44:47Z
dc.title.none.fl_str_mv Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
title Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
spellingShingle Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
Izquierdo Millán, Segismundo Samuel
53 Ciencias Económicas
title_short Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
title_full Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
title_fullStr Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
title_full_unstemmed Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
title_sort Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
dc.creator.none.fl_str_mv Izquierdo Millán, Segismundo Samuel
Izquierdo Millán, Luis Rodrigo
author Izquierdo Millán, Segismundo Samuel
author_facet Izquierdo Millán, Segismundo Samuel
Izquierdo Millán, Luis Rodrigo
author_role author
author2 Izquierdo Millán, Luis Rodrigo
author2_role author
dc.subject.none.fl_str_mv 53 Ciencias Económicas
topic 53 Ciencias Económicas
description Producción Científica
publishDate 2022
dc.date.none.fl_str_mv 2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
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https://uvadoc.uva.es/handle/10324/55532
url https://doi.org/10.1016/j.jet.2022.105553
https://uvadoc.uva.es/handle/10324/55532
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv https://www.sciencedirect.com/science/article/pii/S0022053122001430?via%3Dihub
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dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
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