A multinomial probit model of stochastic evolution
نویسندگان
چکیده
منابع مشابه
A multinomial probit model of stochastic evolution
A strategy revision process in symmetric normal form games is proposed. Following Kandori, Mailath, and Rob (1993), members of a population periodically revise their strategy choice, and choose a myopic best response to currently observed play. Their payoffs are perturbed by normally distributed Harsanyian (1973) trembles, so that strategies are chosen according to multinomial probit probabilit...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2003
ISSN: 0022-0531
DOI: 10.1016/s0022-0531(03)00069-3