Dynamical selection of Nash equilibria using reinforcement learning: Emergence of heterogeneous mixed equilibria
Author
Abstract
Suggested Citation
DOI: 10.1371/journal.pone.0196577
Download full text from publisher
References listed on IDEAS
- Glenn Ellison & Drew Fudenberg, 2003.
"Knife-Edge or Plateau: When Do Market Models Tip?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1249-1278.
- Glenn Ellison & Drew Fudenberg, 2003. "Knife Edge of Plateau: When Do Market Models Tip?," NBER Working Papers 9528, National Bureau of Economic Research, Inc.
- Fudenberg, Drew & Ellison, Glenn, 2003. "Knife-Edge or Plateau: When Do Market Models Tip?," Scholarly Articles 3160493, Harvard University Department of Economics.
- Glenn Ellison & Drew Fudenberg, 2003. "Knife-Edge or Plateau: When do Market Models Tip?," Levine's Working Paper Archive 506439000000000098, David K. Levine.
- Carl Chiarella & Giulia Iori, 2002. "A simulation analysis of the microstructure of double auction markets," Quantitative Finance, Taylor & Francis Journals, vol. 2(5), pages 346-353.
- Guilherme Carmona, 2003.
"Nash and Limit Equilibria of Games with a Continuum of Players,"
Game Theory and Information
0311004, University Library of Munich, Germany.
- Guilherme Carmona, 2004. "Nash and limit equilibria of games with a continuum of players," Nova SBE Working Paper Series wp442, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Guilherme Carmona, 2004.
"Nash equilibria of games with a continuum of players,"
Nova SBE Working Paper Series
wp466, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Guilherme Carmona, 2004. "Nash Equilibria of Games with a Continuum of Players," Game Theory and Information 0412009, University Library of Munich, Germany.
- Aleksandra Alorić & Peter Sollich & Peter McBurney & Tobias Galla, 2016. "Emergence of Cooperative Long-Term Market Loyalty in Double Auction Markets," PLOS ONE, Public Library of Science, vol. 11(4), pages 1-26, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Robin Nicole & Aleksandra Alori'c & Peter Sollich, 2020. "Fragmentation in trader preferences among multiple markets: Market coexistence versus single market dominance," Papers 2012.04103, arXiv.org, revised Aug 2021.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Robin Nicole & Peter Sollich, 2017. "Dynamical selection of Nash equilibria using Experience Weighted Attraction Learning: emergence of heterogeneous mixed equilibria," Papers 1706.09763, arXiv.org.
- Daniel Lacker & Kavita Ramanan, 2019. "Rare Nash Equilibria and the Price of Anarchy in Large Static Games," Mathematics of Operations Research, INFORMS, vol. 44(2), pages 400-422, May.
- Yang, Jian, 2011. "Asymptotic interpretations for equilibria of nonatomic games," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 491-499.
- Aaron Bodoh-Creed & Brent Hickman, 2016. "College Assignment as a Large Contest," Working Papers 2016-27, Becker Friedman Institute for Research In Economics.
- Bodoh-Creed, Aaron, 2013. "Efficiency and information aggregation in large uniform-price auctions," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2436-2466.
- Bodoh-Creed, Aaron L. & Hickman, Brent R., 2018. "College assignment as a large contest," Journal of Economic Theory, Elsevier, vol. 175(C), pages 88-126.
- Wiebke Roß & Jens Weghake, 2018. "Wa(h)re Liebe: Was Online-Dating-Plattformen über zweiseitige Märkte lehren," TUC Working Papers in Economics 0017, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
- Glenn Ellison & Drew Fudenberg & Markus Möbius, 2004.
"Competing Auctions,"
Journal of the European Economic Association, MIT Press, vol. 2(1), pages 30-66, March.
- Glenn Allison & Drew Fudenberg, 2002. "Competing Auctions," Harvard Institute of Economic Research Working Papers 1960, Harvard - Institute of Economic Research.
- Ellison, Glenn & Fudenberg, Drew & Mobius, Markus, 2010. "Competing Auctions," Staff General Research Papers Archive 32106, Iowa State University, Department of Economics.
- Glenn Ellison & Drew Fudenberg & Markus Mobius, 2010. "Competing Auctions," Levine's Working Paper Archive 506439000000000092, David K. Levine.
- Ellison, Glenn & Mobius, Markus & Fudenberg, Drew, 2004. "Competing Auctions," Scholarly Articles 3043414, Harvard University Department of Economics.
- Jennifer Brown & John Morgan, 2009.
"How Much Is a Dollar Worth? Tipping versus Equilibrium Coexistence on Competing Online Auction Sites,"
Journal of Political Economy, University of Chicago Press, vol. 117(4), pages 668-700, August.
- Brown, Jennifer & Morgan, John, 2006. "How much is a Dollar Worth? Tipping versus Equilibrium Coexistence on Competing Online Auction Sites," Competition Policy Center, Working Paper Series qt3c21w91h, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Renato Gomes & Alessandro Pavan, 2013. "Cross-Subsidization and Matching Design," Discussion Papers 1559, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Robin Nicole & Aleksandra Alori'c & Peter Sollich, 2020. "Fragmentation in trader preferences among multiple markets: Market coexistence versus single market dominance," Papers 2012.04103, arXiv.org, revised Aug 2021.
- Carlos Alós-Ferrer & Georg Kirchsteiger & Markus Walzl, 2010.
"On the Evolution of Market Institutions: The Platform Design Paradox,"
Economic Journal, Royal Economic Society, vol. 120(543), pages 215-243, March.
- Kirchsteiger, Georg & Alos-Ferrer, Carlos & Walzl, Markus, 2006. "On the Evolution of Market Institutions: The Platform Design Paradox," CEPR Discussion Papers 5538, C.E.P.R. Discussion Papers.
- Alos-Ferrer, C. & Kirchsteiger, G. & Walzl, M., 2006. "On the evolution of market institutions: the platform design paradox," Research Memorandum 004, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Carlos Alós-Ferrer & Georg Kirchsteiger & Markus Walzl, 2007. "On the Evolution of Market Institutions: The Platform Design Paradox," CESifo Working Paper Series 2012, CESifo.
- Carlos Alós-Ferrer & Georg Kirchsteiger & Markus Walzl, 2010. "On the Evolution of Market Institutions: The Platform Design Paradox," ULB Institutional Repository 2013/149586, ULB -- Universite Libre de Bruxelles.
- Scalas, Enrico & Kaizoji, Taisei & Kirchler, Michael & Huber, Jürgen & Tedeschi, Alessandra, 2006.
"Waiting times between orders and trades in double-auction markets,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 366(C), pages 463-471.
- Enrico Scalas & Taisei Kaizoji & Michael Kirchler & Juergen Huber & Alessandra Tedeschi, 2006. "Waiting times between orders and trades in double-auction markets," Papers physics/0608273, arXiv.org.
- Simon Loertscher, 2005. "Market making oligopoly," Diskussionsschriften dp0512, Universitaet Bern, Departement Volkswirtschaft.
- Attila Ambrus & Emilio Calvano & Markus Reisinger, 2016.
"Either or Both Competition: A "Two-Sided" Theory of Advertising with Overlapping Viewerships,"
American Economic Journal: Microeconomics, American Economic Association, vol. 8(3), pages 189-222, August.
- Reisinger, Markus & Ambrus, Attila & Calvano, Emilio, 2013. "Either or Both Competition: A "Two-Sided" Theory of Advertising with Overlapping Viewerships," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79912, Verein für Socialpolitik / German Economic Association.
- Attila Ambrus & Emilio Calvano & Markus Reisinger, 2014. "Either or Both Competition: A "Two-sided" Theory of Advertising with Overlapping Viewerships," CSEF Working Papers 378, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Yeh, Chia-Hsuan & Yang, Chun-Yi, 2010. "Examining the effectiveness of price limits in an artificial stock market," Journal of Economic Dynamics and Control, Elsevier, vol. 34(10), pages 2089-2108, October.
- Guilherme Carmona, 2004.
"On the existence of pure strategy nash equilibria in large games,"
Nova SBE Working Paper Series
wp465, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Guilherme Carmona, 2006. "On the existence of pure strategy nash equilibria in large games," Nova SBE Working Paper Series wp487, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Guilherme Carmona, 2004. "On the Existence of Pure Strategy Nash Equilibria in Large Games," Game Theory and Information 0412008, University Library of Munich, Germany.
- Chiarella, Carl & Ladley, Daniel, 2016. "Chasing trends at the micro-level: The effect of technical trading on order book dynamics," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 119-131.
- Alberto Ciacci & Takumi Sueshige & Hideki Takayasu & Kim Christensen & Misako Takayasu, 2020. "The microscopic relationships between triangular arbitrage and cross-currency correlations in a simple agent based model of foreign exchange markets," PLOS ONE, Public Library of Science, vol. 15(6), pages 1-19, June.
- Lemoine, Derek M. & Traeger, Christian P., 2010.
"Tipping Points and Ambiguity in the Economics of Climate Change,"
CUDARE Working Papers
98127, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Derek M. Lemoine & Christian P. Traeger, 2012. "Tipping Points and Ambiguity in the Economics of Climate Change," NBER Working Papers 18230, National Bureau of Economic Research, Inc.
- Lemoine, Derek M. & Traeger, Christian P., 2011. "Tipping points and ambiguity in the economics of climate change," CUDARE Working Papers 120349, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Lemoine, Derek M. & Traeger, Christian P., 2011. "Tipping points and ambiguity in the economics of climate change," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9nd591ww, Department of Agricultural & Resource Economics, UC Berkeley.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0196577. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.