On the Learning and Stability of Mixed Strategy Nash Equilibria in Games of Strategic Substitutes
Additional contact information
Eric Hoffmann: Department of Economics, The University of Kansas
No 201405, WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS from University of Kansas, Department of Economics
This paper analyzes the learning and stability of mixed strategy Nash equilibria in games of strategic substi- tutes (GSS), complementing recent work done in the case of strategic complements (GSC). Mixed strategies in GSS are of particular interest because it is well known that such games need not exhibit pure strategy Nash equilibria. First, we establish bounds on the strategy space which indicate where randomizing behavior may occur in equilibrium. Second, we show that mixed strategy Nash equilibria are generally unstable under a wide variety of learning rules. Multiple examples are given.y.
JEL-codes: C60 C62 C72 D80 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kan:wpaper:201405
Access Statistics for this paper
More papers in WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS from University of Kansas, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Jianbo Zhang ().