Mean Field Equilibrium in Dynamic Games with Strategic Complementarities
نویسندگان
چکیده
منابع مشابه
Mean Field Equilibrium in Dynamic Games with Strategic Complementarities
We study a class of stochastic dynamic games that exhibit strategic complementarities between players; formally, in the games we consider, the payoff of a player has increasing differences between her own state and the empirical distribution of the states of other players. Such games can be used to model a diverse set of applications, including network security models, recommender systems, and ...
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Global games are widely used to predict behaviour in games with strategic complementarities and multiple equilibria. We establish two results on the global game selection. First, we show that it is independent of the payoff functions of the global game embedding, though (as is well-known) it may depend on the noise distribution. Second, we give a simple sufficient criterion for noise independen...
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We study games with strategic complementarities, arbitrary numbers of players and actions, and slightly noisy payoff signals. We prove limit uniqueness: as the signal noise vanishes, the game has a unique strategy profile that survives iterative dominance. This generalizes a result of Carlsson and van Damme (Econometrica 61 (1993) 989–1018) for two-player, two-action games. The surviving profil...
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متن کاملEquilibrium selection in global games with strategic complementarities
We study games with strategic complementarities, arbitrary numbers of players and actions, and slightly noisy payoff signals. We prove limit uniqueness: as the signal noise vanishes, the game has a unique strategy profile that survives iterative dominance. This generalizes a result of Carlsson and van Damme (1993) for two player, two action games. The surviving profile, however, may depend on f...
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ژورنال
عنوان ژورنال: Operations Research
سال: 2013
ISSN: 0030-364X,1526-5463
DOI: 10.1287/opre.2013.1192