Hommes, Cars H.; Ochea, Marius I. - In: Games and Economic Behavior 74 (2012) 1, pp. 434-441
, interior steady states in a smooth version of the Best-Response Dynamics, the Logit Dynamics. The main finding is that, unlike … Replicator Dynamics, generic Hopf bifurcation and thus, stable limit cycles, occur under the Logit Dynamics, even for three …-strategy games. We also show that the Logit Dynamics displays another bifurcation which cannot occur under the Replicator Dynamics …