Equilibrium selection in evolutionary games with random matching of players

Randomized strategy equilibrium in the a

Randomized strategy equilibrium in the action commitment game with costs of leading

✍ Toshihiro Matsumura; Takeshi Murooka; Akira Ogawa 📂 Article 📅 2011 🏛 Elsevier Science 🌐 English ⚖ 200 KB

We investigate a two-player action commitment game where one simultaneous-move and two sequential-move pure strategy equilibria exist when the cost of leading is zero, while the simultaneousmove outcome is not an equilibrium when the leading cost is small positive. We show that this discontinuity di