Brito, Paulo; Datta, Bipasa; Dixon, Huw - Department of Economics and Related Studies, University … - 2011
evolutionary dynamics include the pure-strategy consistent CVs. However, there are also mixed-strategy equilibria that occur. These … consistency which applies to mixed-strategy equilibria. In a three conjecture example, we find that in contrast to the pure …-strategy equilibria, the mixed-strategy equilibria are not ESS: under the replicator dynamics, there are three or four mixed equilibria …