When is it best to best-respond?

Research output: Contribution to journalArticlepeer-review

Abstract

Often, in both computerized settings and economics settings, the prescribed behavior for participants is to repeatedly "best respond" to each others' actions. We aim to understand when such myopic "local rationality" is also "globally rational", i.e., when is it best for a player, given that the others are repeatedly best-responding, to also repeatedly best-respond?
Original languageEnglish
Article number2
Pages (from-to)16-18
Number of pages3
JournalACM SIGecom Exchanges
Volume10
Issue number2
DOIs
StatePublished - Jun 2011

Keywords

  • Algorithms
  • Best-Response Dynamics
  • Economics
  • Mechanism Design
  • Theory

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