Construct · 1 fields · 1 citations

stochastically stable equilibrium: a standalone construct

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Game theory

the equilibrium a population settles in most of the time when players adapt myopically and occasionally make random mistakes that vanish in the limit.

In game theory, stochastically stable equilibrium refers to the equilibrium a population settles in most of the time when players adapt myopically and occasionally make random mistakes that vanish in the limit. This meaning comes from Kandori (1993) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

equilibrium4 fields · 4 citationsjingle · one word, four constructs game2 fields · 3 citationsjingle · one word, two constructs limit3 fields · 3 citationsjingle · one word, three constructs

References

Kandori, M., Mailath, G. J., & Rob, R. (1993). Learning, Mutation, and Long Run Equilibria in Games. Econometrica, 61(1), 29. https://doi.org/10.2307/2951777

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