On the evolutionary selection of sets of Nash equilibria
Balkenborg, Dieter; Schlag, Karl H.
Date: 1 March 2007
Journal
Journal of Economic Theory
Publisher
Elsevier
Publisher DOI
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Abstract
It is well known for the common multi-population evolutionary dynamics applied to normal
form games that a pure strategy combination is asymptotically stable if and only if
it is a strict equilibrium point. We extend this result to sets and show the following. For
certain regular selection dynamics every connected and closed asymptotically ...
It is well known for the common multi-population evolutionary dynamics applied to normal
form games that a pure strategy combination is asymptotically stable if and only if
it is a strict equilibrium point. We extend this result to sets and show the following. For
certain regular selection dynamics every connected and closed asymptotically stable set
of rest points containing a pure strategy combination is a strict equilibrium set and hence
a Nash equilibrium component. A converse statement holds for two person games, for
convex strict equilibrium sets and for the standard replicator dynamic.
Economics
Faculty of Environment, Science and Economy
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