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Aspiration, Learning and Social Change
We consider the problem of the transition from the Pareto inferior pure strategy Nash equilibrium in the stag hunt game to the Pareto superior equilibrium. We adopt the methodology of learning and evolutionary game theory ...
Large Population Aggregative Potential Games
(Indian Institute of Management, Ahmedabad, 2016-12-08)
We consider population games in which payoff depends upon the aggregate strategy level and which admit a potential function. Examples of such aggregative potential games include the tragedy of the commons and the Cournot ...