Briefly discuss how the approach in this paper is an improvement on other ways of addressing the equilibrium selection problem and also comment on any limitations.
Micro Economics Part 1 Equilibrium Selection Consider the following version of the example in section 2 of Kandori et al (1993). “Learn-ing, mutation, and long run equilibria in games” with students meeting in pairs every period to work together with each using one of two computer systems, si or 82. There are 9 students in […]