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| Vincent Boucher |
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| ''Selecting Equilibria using Best-Response Dynamics'' |
| ( 2017, Vol. 37 No.4 ) |
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| 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. |
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| Keywords: Potential Games, Equilibrium Selection Mechanism, Basin of Attraction |
JEL: C6 - Mathematical Methods and Programming: General
C1 - Econometric and Statistical Methods: General |
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| Manuscript Received : Jun 19 2017 | | Manuscript Accepted : Dec 01 2017 |
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