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...
Main Authors: | Ellison, Glenn (Contributor), Fudenberg, Drew (Author), Imhof, Lorens A. (Author) |
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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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Subjects: | |
Online Access: | Get fulltext |
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