Folk theorem on equilibrium selection in coordination games

被引:0
作者
Juang, WT [1 ]
机构
[1] Acad Sinica, Inst Econ, Taipei 115, Taiwan
来源
INTERNATIONAL CONFERENCE ON ARTIFICIAL INTELLIGENCE, VOL I AND II | 1999年
关键词
rule; equilibrium selection; folk theorem;
D O I
暂无
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
This paper studies equilibrium selection in a 2x2 coordination game. I focus on a class of synchronizable systems with compliant rules. I find that for any given such system, a folk theorem holds if we do not impose any other conditions on introducing rules into the system: we can always add a rule into the system such that any arbitrarily prescribed stage game equilibrium can be supported in the long run. Therefore, it is not necessary that a risk dominant equilibrium or a payoff dominant one will be selected by an evolutionary system in the long run.
引用
收藏
页码:402 / 408
页数:7
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