Hysteresis effects of changing parameters of noncooperative games

Details Hysteresis effects of changing parameters of noncooperative games Hysteresis effects of changing parameters of noncooperative games

2010-10-27

arxiv.org/abs/1010.5749v1

Computer Science

Computer Science and Game Theory

5 pages, 4 figures

Scientific paper

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.

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