TY  - RPRT
CY  - IIASA, Laxenburg, Austria
N1  - see WP-96-033 for revised version
ID  - iiasa4591
UR  - https://pure.iiasa.ac.at/id/eprint/4591/
A1  - Foster, D.
A1  - Young, H.P.
Y1  - 1995/01//
N2  - It is natural to conjecture that fictitious play converges in coordination games, but this is shown by counterexample to be false. Variants of fictitious play in which past actions are eventually forgotten and there are small stochastic perturbations are much better behaved: over the long run players manage to coordinate with high probability.
PB  - WP-95-001
M1  - working_paper
TI  - On the Nonconvergence of Fictitious Play in Coordination Games
AV  - public
EP  - 10
ER  -