The paper initiates the study of long term interactions where players' bounded rationality varies over time. Time dependent bounded rationality, for player i, is reflected in part in the number [psi]i(t) of distinct strategies available to him in the first t-stages. We examine how the growth...

We show that local potential maximizer (Morris and Ui (2005) [14]), a generalization of potential maximizer, is stochastically stable in the log-linear dynamic if the payoff functions are, or the associated local potential is, supermodular. Thus an equilibrium selection result similar to those...

The value is a solution concept for n‐person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their...