CHAOTIC DYNAMICS IN CONTESTS
研究了在短视最优反应动态下,重复竞赛中的努力水平可能呈现混沌行为,这有助于解释实验数据为何常不收敛于单次博弈均衡。
Under a myopic best‐reply dynamic, efforts in repeated contests may exhibit chaotic behavior. This may help explain, for example, why experimental data often show nonconvergence to one‐shot equilibrium efforts.