Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model
Sandholm WH, Staudigl M (2014) Center for Mathematical Economics Working Papers; 506.
Bielefeld: Center for Mathematical Economics.
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| Veröffentlicht | Englisch
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IMW_working_paper_506.pdf
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Autor*in
Sandholm, William H.;
Staudigl, MathiasUniBi
Abstract / Bemerkung
We describe the large deviations properties, stationary distribution asymptotics,
and stochastically stable states of stochastic evolutionary processes based on the logit
choice rule, focusing on behavior in the small noise double limit. These aspects of the
stochastic evolutionary process can be characterized in terms of solutions to certain
minimum cost path problems. We solve these problems explicitly using tools from
optimal control theory. The analysis focuses on three-strategy coordination games
that satisfy the marginal bandwagon property and that have an interior equilibrium,
but our approach can be applied to other classes of games and other choice rules.
Erscheinungsjahr
2014
Serientitel
Center for Mathematical Economics Working Papers
Band
506
Seite(n)
52
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2901490
Zitieren
Sandholm WH, Staudigl M. Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model. Center for Mathematical Economics Working Papers. Vol 506. Bielefeld: Center for Mathematical Economics; 2014.
Sandholm, W. H., & Staudigl, M. (2014). Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model (Center for Mathematical Economics Working Papers, 506). Bielefeld: Center for Mathematical Economics.
Sandholm, William H., and Staudigl, Mathias. 2014. Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model. Vol. 506. Center for Mathematical Economics Working Papers. Bielefeld: Center for Mathematical Economics.
Sandholm, W. H., and Staudigl, M. (2014). Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model. Center for Mathematical Economics Working Papers, 506, Bielefeld: Center for Mathematical Economics.
Sandholm, W.H., & Staudigl, M., 2014. Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model, Center for Mathematical Economics Working Papers, no.506, Bielefeld: Center for Mathematical Economics.
W.H. Sandholm and M. Staudigl, Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model, Center for Mathematical Economics Working Papers, vol. 506, Bielefeld: Center for Mathematical Economics, 2014.
Sandholm, W.H., Staudigl, M.: Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model. Center for Mathematical Economics Working Papers, 506. Center for Mathematical Economics, Bielefeld (2014).
Sandholm, William H., and Staudigl, Mathias. Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model. Bielefeld: Center for Mathematical Economics, 2014. Center for Mathematical Economics Working Papers. 506.
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2019-09-25T06:44:50Z
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Beschreibung
Working Paper als Zeitschriftenartikel veröffentlicht in "Theoretical Economics", 2016