() and Oddvar M. Kaarbøe
Burkhard Hehenkamp: Department of Economics, University of Dortmund, Postal: D-44221 Dortmund, Germany
Oddvar M. Kaarbøe: Programme for Health Economics (HEB), University of Bergen, Department of Economics, Postal: Hermann Fossgt. 6, N-5007 Bergen, Norway
Abstract: We examine an evolutionary model of equilibrium selection, where all individuals interact with each other, recurrently playing a strictly supermodular game. Individuals play (myopic) best responses to the current population profile, occa- sionally they pick an arbitrary strategy at random. To address the robustness of equilibrium selection in this simultaneous play scenario, we investigate whether different best-response approximations can lead to different long run equilibria.
20 pages, November 10, 2004
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