Navigation auf zora.uzh.ch

Search

ZORA (Zurich Open Repository and Archive)

Robust stochastic stability

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

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.

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:C72, D83
Uncontrolled Keywords:Learning in games, stochastic stability, radius-coradius theorems, logit-response dynamics, mutations, imitation, Spieltheorie, Stochastik
Scope:Discipline-based scholarship (basic research)
Language:English
Date:January 2014
Deposited On:17 Feb 2012 11:11
Last Modified:15 Mar 2024 10:49
Series Name:Working paper series / Department of Economics
Number of Pages:40
ISSN:1664-7041
Additional Information:Revised version
OA Status:Green
Related URLs:https://www.econ.uzh.ch/en/research/workingpapers.html
Other Identification Number:merlin-id:6780
Download PDF  'Robust stochastic stability'.
Preview
  • Description: Revised version January 2014

Metadata Export

Statistics

Downloads

903 downloads since deposited on 17 Feb 2012
6 downloads since 12 months
Detailed statistics

Authors, Affiliations, Collaborations

Similar Publications