TY  - GEN
AB  - 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.
DA  - 2014
LA  - eng
PY  - 2014
SN  - 0931-6558
SP  - 52-
TI  - Large Deviations and Stochastic Stability in the Small Noise Double Limit, II: The Logit Model
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29014901
Y2  - 2024-11-22T05:32:29
ER  -