Experimentation, imitation, and stochastic stability: Addendum
成果类型:
Article
署名作者:
Gale, D; Rosenthal, RW
署名单位:
New York University; Boston University
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.2000.2707
发表日期:
2001
页码:
164-174
关键词:
摘要:
Results from D. Gale and R. W. Rosenthal [J. Econ. Theory 84 (1999). 1-40] are extended to characterize convergence properties of the model for (almost) every set of parameters. In particular. there is a sharp delineation between the parameter region in which the process of experimentation and imitation converges almost surely to the equilibrium and another region in which the process is only weakly convergent (unstable in the small but not too unstable). (C) 2001 Academic Press.