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Best-response dynamics in two-person random games with correlated payoffs.

Authors :
Mimun, Hlafo Alfie
Quattropani, Matteo
Scarsini, Marco
Source :
Games & Economic Behavior. May2024, Vol. 145, p239-262. 24p.
Publication Year :
2024

Abstract

We consider finite two-player normal form games with random payoffs. Player A's payoffs are i.i.d. from a uniform distribution. Given p ∈ [ 0 , 1 ] , for any action profile, player B's payoff coincides with player A's payoff with probability p and is i.i.d. from the same uniform distribution with probability 1 − p. This model interpolates the model of i.i.d. random payoff used in most of the literature and the model of random potential games. First we study the number of pure Nash equilibria in the above class of games. Then we show that, for any positive p , asymptotically in the number of available actions, best response dynamics reaches a pure Nash equilibrium with high probability. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08998256
Volume :
145
Database :
Academic Search Index
Journal :
Games & Economic Behavior
Publication Type :
Academic Journal
Accession number :
177317084
Full Text :
https://doi.org/10.1016/j.geb.2024.03.011