2003RePEc: Research Papers in EconomicsRequires access

A general model of best response adaptation

Ulrich Berger

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Abstract

We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is attracting for zero-sum games. For asymmetric conflicts and equally large populations, convergence to a Nash equilibrium in the base game implies convergence to a Nash equilibrium on the Wright manifold in the role game.

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We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is attracting for zero-sum games. For asymmetric conflicts and equally large populations, convergence to a Nash equilibrium in the base game implies convergence to a Nash equilibrium on the Wright manifold in the role game.

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Available abstract

We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is attracting for zero-sum games. For asymmetric conflicts and equally large populations, convergence to a Nash equilibrium in the base game implies convergence to a Nash equilibrium on the Wright manifold in the role game.

Key concepts: Best response, Nash equilibrium, Wright, Convergence (economics), Mathematical economics, Zero-sum game, Epsilon-equilibrium, Fictitious play

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