p-Dominance and perfect foresight dynamics

  • Kojima F
  • Takahashi S
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Abstract

We investigate stability of p-dominant equilibria under perfect foresight dynamics.We show that a strict p-dominant equilibrium with ∑ipi< 1 is globally accessible and absorbing in perfect foresight dynamics. We also investigate robustness and extensions of this result. We apply our proof method to games with u-dominant equilibria and unanimity games. © 2007 Elsevier B.V. All rights reserved.

Author-supplied keywords

  • Equilibrium selection
  • Perfect foresight dynamics
  • p-Dominance

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Authors

  • Fuhito Kojima

  • Satoru Takahashi

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