A general model of best response adaptation
Ulrich Berger
Abstract
Open-access reader
Ulrich Berger
Abstract
Open-access reader
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.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
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