Completely uncoupled dynamics and Nash equilibria

Research output: Contribution to journalArticlepeer-review

Abstract

Completely uncoupled dynamics are a repeated play of a game, where every period each player knows only his own action set and the history of his own past actions and payoffs; thus, he does not know anything about the other player's actions and payoffs. The main contributions of the present paper are the following. First, there exist no completely uncoupled dynamics that lead to almost sure convergence of play to pure Nash equilibria in almost all games possessing pure Nash equilibria. Second, the above result does not hold for Nash ε-equilibrium: we exhibit completely uncoupled dynamics that lead to almost sure convergence of play to Nash ε-equilibrium.

Original languageEnglish
Pages (from-to)1-14
Number of pages14
JournalGames and Economic Behavior
Volume76
Issue number1
DOIs
StatePublished - Sep 2012
Externally publishedYes

Keywords

  • Completely uncoupled dynamics
  • Nash equilibria

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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