Logit equilibrium as an approximation of Nash equilibrium

Eilon Solan*, Omri N. Solan

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

We prove that the graph of the logit equilibrium correspondence is a smooth manifold, which is homeomorphic to the space of payoff functions and uniformly approximates the graph of the Nash equilibrium manifold.

Original languageEnglish
Pages (from-to)262-265
Number of pages4
JournalOperations Research Letters
Volume48
Issue number3
DOIs
StatePublished - May 2020

Funding

FundersFunder number
Israel Science Foundation217/17

    Keywords

    • Logit equilibrium
    • Nash equilibrium
    • Smooth manifold

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