PMID: 22587144May 17, 2012Paper

Hysteresis effects of changing the parameters of noncooperative games

Physical Review. E, Statistical, Nonlinear, and Soft Matter Physics
David H WolpertJürgen Jost

Abstract

We adapt the method used by Jaynes to derive the equilibria of statistical physics to instead derive equilibria of bounded rational game theory. We analyze the dependence of these equilibria on the parameters of the underlying game, focusing on hysteresis effects. In particular, we show that by gradually imposing individual-specific tax rates on the players of the game, and then gradually removing those taxes, the players move from a poor equilibrium to one that is better for all of them.

References

Sep 15, 1999·Proceedings of the National Academy of Sciences of the United States of America·S N Durlauf
Mar 5, 2004·Physical Review. E, Statistical, Nonlinear, and Soft Matter Physics·David WolpertEsfandiar Bandari
Jun 24, 2004·Proceedings of the National Academy of Sciences of the United States of America·Konrad Paul Körding, Daniel M Wolpert
Aug 3, 2004·Science·Hiroyuki YamadaYoshinori Tokura
Aug 7, 2004·Mechanisms of Development·Lewis Wolpert

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Citations

Jun 12, 2012·Physical Review. E, Statistical, Nonlinear, and Soft Matter Physics·Ardeshir Kianercy, Aram Galstyan
May 8, 2020·Scientific Reports·Nathan HardingMikhail Prokopenko
Jul 15, 2015·Physical Review. E, Statistical, Nonlinear, and Soft Matter Physics·Hendrik Santoso SugiartoLock Yue Chew

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