Positive feedback in coordination games: Stochastic evolutionary dynamics and the logit choice rule

We study the problem of stochastic stability for evolutionary dynamics under logit choice rule. consider general classes coordination games, symmetric or asymmetric, with an arbitrary number strategies, which satisfies marginal bandwagon property (i.e., there is positive feedback to coordinate). Our main result that most likely escape paths from a status quo convention consist series identical mistakes. As application our result, we show Nash bargaining solution arises as long run demand game usual also obtain new if rule combined intentional idiosyncratic plays. The more egalitarian than solution, demonstrating intentionality implies equality model.