Random matching in adaptive dynamics

This paper studies the effect of randomness in per-period matching on the long-run outcome of non-equilibrium adaptive processes. If there are many matchings between each strategy revision, the randomness due to matching will be small; our question is when a very small noise due to matching has a ne...

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Bibliographic Details
Main Authors: Ellison, Glenn (Contributor), Fudenberg, Drew (Author), Imhof, Lorens A. (Author)
Other Authors: Massachusetts Institute of Technology. Department of Economics (Contributor)
Format: Article
Language:English
Published: Elsevier, 2016-02-24T15:49:41Z.
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