Experimentation, Imitation, and Stochastic Stability: Addendum

Douglas Gale; Robert W. Rosenthal

doi:10.1006/jeth.2000.2707

Experimentation, Imitation, and Stochastic Stability: Addendum

Douglas Gale, Robert W. Rosenthal

Research output: Contribution to journal › Comment/debate

Abstract

Results from D. Gale and R. W. Rosenthal [J. Econ. Theory84 (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). Journal of Economic Literature. Classification Number: D83.

Original language	English (US)
Pages (from-to)	164-174
Number of pages	11
Journal	Journal of Economic Theory
Volume	97
Issue number	1
DOIs	https://doi.org/10.1006/jeth.2000.2707
State	Published - Mar 2001

ASJC Scopus subject areas

Economics and Econometrics

Access to Document

10.1006/jeth.2000.2707

Fingerprint Dive into the research topics of 'Experimentation, Imitation, and Stochastic Stability: Addendum'. Together they form a unique fingerprint.

Cite this

@article{0d976bb5f8594d3ba0929c8c9d24972f,

title = "Experimentation, Imitation, and Stochastic Stability: Addendum",

abstract = "Results from D. Gale and R. W. Rosenthal [J. Econ. Theory84 (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). Journal of Economic Literature. Classification Number: D83.",

author = "Douglas Gale and Rosenthal, {Robert W.}",

year = "2001",

month = mar,

doi = "10.1006/jeth.2000.2707",

language = "English (US)",

volume = "97",

pages = "164--174",

journal = "Journal of Economic Theory",

issn = "0022-0531",

publisher = "Academic Press Inc.",

number = "1",

}

TY - JOUR

T1 - Experimentation, Imitation, and Stochastic Stability

T2 - Addendum

AU - Gale, Douglas

AU - Rosenthal, Robert W.

PY - 2001/3

Y1 - 2001/3

N2 - Results from D. Gale and R. W. Rosenthal [J. Econ. Theory84 (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). Journal of Economic Literature. Classification Number: D83.

AB - Results from D. Gale and R. W. Rosenthal [J. Econ. Theory84 (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). Journal of Economic Literature. Classification Number: D83.

UR - http://www.scopus.com/inward/record.url?scp=0242516509&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0242516509&partnerID=8YFLogxK

U2 - 10.1006/jeth.2000.2707

DO - 10.1006/jeth.2000.2707

M3 - Comment/debate

AN - SCOPUS:0242516509

VL - 97

SP - 164

EP - 174

JO - Journal of Economic Theory

JF - Journal of Economic Theory

SN - 0022-0531

IS - 1

ER -