Illustrate the basins of attraction on a line and indicate how many mutations are required to escape from each equilibrium.

Part 1 Equilibrium Selection Consider the following version of the example in section 2 of Kandori et al . “Learn-ing, mutation, and long run equilibria in games” with students meeting in pairs every period to work together with each using one of two computer systems, si or 82. There are 9 students in the group […]

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