Stability of strict equilibria in best experienced payoff dynamics: Simple formulas and applications
Producción Científica
| Autores: | , |
|---|---|
| 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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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 |
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info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
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article |
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publishedVersion |
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https://doi.org/10.1016/j.jet.2022.105553 https://uvadoc.uva.es/handle/10324/55532 |
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https://doi.org/10.1016/j.jet.2022.105553 https://uvadoc.uva.es/handle/10324/55532 |
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Inglés |
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Inglés |
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https://www.sciencedirect.com/science/article/pii/S0022053122001430?via%3Dihub |
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info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/4.0/ |
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openAccess |
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http://creativecommons.org/licenses/by/4.0/ |
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application/pdf |
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Elsevier |
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Elsevier |
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reponame:UVaDOC. Repositorio Documental de la Universidad de Valladolid instname:Universidad de Valladolid |
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Universidad de Valladolid |
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