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Hysteresis Effects of Changing Parameters of Noncooperative Games by Wolpert, David H.; Harre, Michael; Olbrich, Eckehard; Bertschinger, Nils; Jost, Juergen is a scholarly article available to read on EtoBox.

What is Hysteresis Effects of Changing Parameters of Noncooperative Games about?

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.

Author

Wolpert, David H.; Harre, Michael; Olbrich, Eckehard; Bertschinger, Nils; Jost, Juergen

Published

2010

Language

EN