Abstract
Under a myopic best-reply dynamic, efforts in repeated contests may exhibit chaotic behavior. This may help explain, e.g., why experimental data often show nonconvergence to one-shot equilibrium efforts.
- Title
- Chaotic Dynamics in Contests
- Creators - without role
- Karl Wärneryd - Stockholm School of Economics, Department of Economics
- Publication Details
- 4
- Series
- SSE Working Paper Series in Economics; 2016:4
- Publisher
- Stockholm School of Economics (SSE); Stockholm, Sweden
- Number of pages
- 13
- Identifiers
- 991001564399106056
- Academic Unit
- Department of Economics
- Language
- English
- Resource Type
- Working paper