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arXiv · 2305.10881

Best-Response Dynamics in Lottery Contests

Abstract

We study the convergence of best-response dynamics in lottery contests. We show that best-response dynamics rapidly converges to the (unique) equilibrium for homogeneous agents but may not converge for non-homogeneous agents, even for two non-homogeneous agents. For $2$ homogeneous agents, we show convergence to an $ε$-approximate equilibrium in $Θ(\log\log(1/ε))$ steps. For $n \ge 3$ agents, the dynamics is not unique because at each step $n-1 \ge 2$ agents can make non-trivial moves. We consider a model where the agent making the move is randomly selected at each time step. We show convergence to an $ε$-approximate equilibrium in $O(β\log(n/(εδ)))$ steps with probability $1-δ$, where $β$ is a parameter of the agent selection process, e.g., $β= n$ if agents are selected uniformly at random at each time step. Our simulations indicate that this bound is tight.

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BibTeXRIS

Abheek Ghosh, Paul W. Goldberg. 2023-05-18. Best-Response Dynamics in Lottery Contests. https://arxiv.org/abs/2305.10881

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