Abstract
We consider a learning dynamic in which players imitate and better reply. Sufficient conditions are provided for Nash equilibrium play to emerge over time. The role of imitation in the learning dynamic is discussed through a series of examples. Most interestingly we demonstrate how imitation can ‘help’ the emergence of Nash equilibrium where ‘more rational’ methods do not.
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Cartwright, E. Imitation, coordination and the emergence of Nash equilibrium. Int J Game Theory 36, 119–135 (2007). https://doi.org/10.1007/s00182-007-0077-2
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DOI: https://doi.org/10.1007/s00182-007-0077-2