08 Septembre 2017
Types de publication:
Cahier de recherche
Auteur(s):
Vincent Boucher
Axe de recherche:
Enjeux économiques et financiers
Mots-clés:
Potential Games
Equilibrium Selection Mechanism
Basin of Attraction
Coordination Games
Classification JEL:
C62
C72
C73
I propose a simple simulation procedure for large games with multiple equilibria. The simulation procedure is based on a best-response dynamic. The implied equilibrium selection mechanism is intuitive: more stable equilibria are selected with higher probability.
Contact:
Boucher: Department of Economics, Universitée Laval, CRREP and CREATE, vincent.boucher@ecn.ulaval.ca
