Uncoupled dynamics cannot lead to Nash equilibrium

Authors: 
Sergiu Hart & Andreu Mas-Colell
Abstract: 

We call a dynamical system uncoupled if the dynamic for each player does not depend on the payoffs of the other players. We show that there are no uncoupled dynamics that are guaranteed to converge to Nash equilibrium, even when the Nash equilibrium is unique.

Date: 
September, 2002
Published in: 
American Economic Review 93 (2003), 1830-1836
Number: 
299