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  • 标题:Orders of limits for stationary distributions, stochastic dominance, and stochastic stability
  • 本地全文:下载
  • 作者:Sandholm, William H.
  • 期刊名称:Theoretical Economics
  • 印刷版ISSN:1555-7561
  • 出版年度:2010
  • 卷号:5
  • 期号:1
  • 出版社:Econometric Society
  • 摘要:A population of agents recurrently plays a two-strategy population game. When an agent receives a revision opportunity, he chooses a new strategy using a noisy best response rule that satisfies mild regularity conditions; best response with mutations, logit choice, and probit choice are all permitted. We study the long run behavior of the resulting Markov process when the noise level $\eta$ is small and the population size $N$ is large. We obtain a precise characterization of the asymptotics of the stationary distributions $\mu^{N,\eta}$ as $\eta$ approaches zero and $N$ approaches infinity, and we establish that these asymptotics are the same for either order of limits and for all simultaneous limits. In general, different noisy best response rules can generate different stochastically stable states. To obtain a robust selection result, we introduce a refinement of risk dominance called \emph{stochastic dominance}, and we prove that coordination on a given strategy is stochastically stable under every noisy best response rule if and only if that strategy is stochastically dominant.
  • 关键词:Evolutionary game theory; stochastic stability; equilibrium selection
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