by David P Myatt and Chris Wallace.
Download the Paper in PDF Format.
Games and Economic Behavior, 48 (1), pp. 124-138, 2004.
Abstract: Equilibrium selection in coordination games has generated a large literature. Kandori, Mailath and Rob (Econometrica, 1993) and Young (Econometrica, 1993) studied dynamic models of aggregate behaviour where agents best-respond to observations of population play. Crucially, infrequent mistakes (“mutations”) allow [...]
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