The evolutionary stability of constant consistent conjectures
In the general context of smooth two-player games, this paper shows that there is a close connection between (constant) consistent conjectures in a given game and the evolutionary stability of these conjectures. Evolutionarily stable conjectures are consistent and consistent conjectures are the only interior candidates to be evolutionarily stable. Examples are provided to illustrate the result.
Year of publication: |
2009
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Authors: | Possajennikov, Alex |
Published in: |
Journal of Economic Behavior & Organization. - Elsevier, ISSN 0167-2681. - Vol. 72.2009, 1, p. 21-29
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Publisher: |
Elsevier |
Keywords: | Consistent conjectures Evolutionary stability Indirect evolution |
Saved in:
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