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Mixed Equilibria in Games of Strategic Complements Are Unstable

Author

Listed:
  • Echenique, Federico
  • Edlin, Aaron S.

Abstract

In games with strict strategic complementarities, properly mixed Nash equilibria--equilibria that are not in pure strategies--are unstable for a broad class of learning dynamics.

Suggested Citation

  • Echenique, Federico & Edlin, Aaron S., 2002. "Mixed Equilibria in Games of Strategic Complements Are Unstable," Department of Economics, Working Paper Series qt26r9r912, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    • Handle: RePEc:cdl:econwp:qt26r9r912
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    Cited by:

    1. Hofbauer, Josef & Hopkins, Ed, 2005. "Learning in perturbed asymmetric games," Games and Economic Behavior, Elsevier, vol. 52(1), pages 133-152, July.

    More about this item

    Keywords

    mixed-strategy equilibrium; learning; supermodular games; strategic complementarities; equilibrium selection; economics;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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