Por favor, use este identificador para citar o enlazar este ítem: http://hdl.handle.net/10259/7636
Título
Strategy sets closed under payoff sampling
Publicado en
Games and Economic Behavior. 2023, V. 138, p. 126-142
Editorial
Elsevier
Fecha de publicación
2023-03
ISSN
0899-8256
DOI
10.1016/j.geb.2022.12.006
Abstract
We consider population games played by procedurally rational players who, when revising their current strategy, test each of their available strategies independently in a series of random matches –i.e., a battery of tests–, and then choose the strategy that performed best in this battery of tests. This revision protocol leads to the so-called payoff-sampling dynamics (aka test-all Best Experienced Payoff dynamics).
In this paper we characterize the support of all the rest points of these dynamics in any game and analyze the asymptotic stability of the faces to which they belong. We do this by defining strategy sets closed under payoff sampling, and by proving that the identification of these sets can be made in terms of simple comparisons between some of the payoffs of the game.
Palabras clave
Payoff sampling
Best experienced payoff
Procedural rationality
Asymptotically stable sets
Closed under payoff sampling
Materia
Matemáticas
Mathematics
Economía
Economics
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