Brito, Paulo B.; Datta, Bipasa; Dixon, Huw David - Economics Section, Cardiff Business School - 2012
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 …