2017
DOI: 10.1007/s00182-017-0601-y
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The price of anarchy and stability in general noisy best-response dynamics

Abstract: Logit-response dynamics [AFN10] are a rich and natural class of noisy bestresponse dynamics. In this work we revise the price of anarchy and the price of stability by considering the quality of long-run equilibria in these dynamics. Our results show that prior studies on simpler dynamics of this type can strongly depend on a synchronous schedule of the players' moves. In particular, a small noise by itself is not enough to improve the quality of equilibria as soon as other very natural schedules are used.

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Cited by 3 publications
(2 citation statements)
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“…For an exposition of the notion of logit equilibrium, and more related work, we refer to the survey article of Ferraioli [20] and references therein. There are also various results addressing the inefficiency of 'long-term' equilibria in the context of logit dynamics, see, e.g., the works of Asadpour and Saberi [7], Mamageishvili and Penna [36] and Penna [44].…”
Section: Further Related Workmentioning
confidence: 99%
“…For an exposition of the notion of logit equilibrium, and more related work, we refer to the survey article of Ferraioli [20] and references therein. There are also various results addressing the inefficiency of 'long-term' equilibria in the context of logit dynamics, see, e.g., the works of Asadpour and Saberi [7], Mamageishvili and Penna [36] and Penna [44].…”
Section: Further Related Workmentioning
confidence: 99%
“…In the original logit dynamics by [6,7], where one randomly chosen player moves at a time, they essentially rest on a subset of potential minimizers. When the players' schedule is relaxed, this property is lost and additional conditions on the game are required [1,10,2,18,26]. Our independent better-response dynamics can be seen as an analog of the independent dynamics of [1] for logit response.…”
Section: Related Workmentioning
confidence: 99%