Quick Search:

uzh logo
Browse by:
bullet
bullet
bullet
bullet

Zurich Open Repository and Archive

Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-59571

Alós-Ferrer, Carlos; Netzer, Nick (2014). Robust stochastic stability. Working paper series / Department of Economics 63, University of Zurich.

[img](English)
PDF (Version February 2012) - Registered users only
341kB
[img]
Preview
PDF (Revised version January 2014)
295kB

Abstract

A strategy profile of a game is called robustly stochastically stable if it is stochastically stable for a given behavioral model independently of the specification of revision opportunities and tie-breaking assumptions in the dynamics. We provide a simple radius-coradius result for robust stochastic stability and examine several applications. For the logit-response dynamics, the selection of potential maximizers is robust for the subclass of supermodular symmetric binary-action games. For the mistakes model, the weaker property of strategic complementarity suffices for robustness in this class of games. We also investigate the robustness of the selection of risk-dominant strategies in coordination games under best-reply and the selection of Walrasian strategies in aggregative games under imitation.

Downloads

854 downloads since deposited on 17 Feb 2012
19 downloads since 12 months

Detailed statistics

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
DDC:330 Economics
JEL Classification:C72, D83
Uncontrolled Keywords:Learning in games, stochastic stability, radius-coradius theorems, logit-response dynamics, mutations, imitation
Language:English
Date:January 2014
Deposited On:17 Feb 2012 11:11
Last Modified:05 Feb 2014 15:45
Series Name:Working paper series / Department of Economics
Number of Pages:40
ISSN:1664-7041
Additional Information:Revised version
Official URL:http://www.econ.uzh.ch/static/wp/econwp063.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers.php

Users (please log in): suggest update or correction for this item

Repository Staff Only: item control page