A semi-potential for finite and infinite sequential games
Abstract
We consider a dynamical approach to game in extensive forms. By restricting the convertibility relation over strategy profiles, we obtain a semi-potential (in the sense of Kukushkin), and we show that in finite games the corresponding restriction of better-response dynamics will converge to a Nash equilibrium in quadratic (finite) time. Convergence happens on a per-player basis, and even in the presence of players with cyclic preferences, the players with acyclic preferences will stabilize. Thus, we obtain a candidate notion for rationality in the presence of irrational agents. Moreover, the restriction of convertibility can be justified by a conservative updating of beliefs about the other players strategies. For infinite games in extensive form we can retain convergence to a Nash equilibrium (in some sense), if the preferences are given by continuous payoff functions; or obtain a transfinite convergence if the outcome sets of the game are -sets.
Keywords
Cite
@article{arxiv.1309.2798,
title = {A semi-potential for finite and infinite sequential games},
author = {Stéphane Le Roux and Arno Pauly},
journal= {arXiv preprint arXiv:1309.2798},
year = {2017}
}