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Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected in the long run under the best-response dynamics with mutation. Bergin and Lipman (1996) qualified this result by showing that for a given population size, the evolutionary process can select...
Persistent link: https://www.econbiz.de/10014588988
Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected in the long run under the best-response dynamics with mutation. Bergin and Lipman (1996) qualified this result by showing that for a given population size, the evolutionary process can select...
Persistent link: https://www.econbiz.de/10009458221
Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected in the long run under the best-response dynamics with mutation. Bergin and Lipman (1996) qualified this result by showing that for a given population size the evolutionary process can select...
Persistent link: https://www.econbiz.de/10010494278
This paper shows that the equilibrium selection results for coordination games of Kandori, Mailath and Rob (1993) and Young (1993) depend only on the criterion of risk dominance in local interaction environment even if mutations are state dependent. This qualifies the result of Bergin and Lipman...
Persistent link: https://www.econbiz.de/10014139691
Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected in the long run under the best-response dynamics with mutation. Bergin and Lipman (1996) qualified this result by showing that for a given population size, the evolutionary process can select...
Persistent link: https://www.econbiz.de/10005178509
Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected in the long run under the best-response dynamics with mutation. Bergin and Lipman (1996) qualified this result by showing that for a given population size the evolutionary process can select...
Persistent link: https://www.econbiz.de/10005448714
Early results of evolutionary game theory showed that the risk dominant equilibrium is uniquely selected on the long run by the best response dynamics with mutation. Bergin and Lipman (1996) qualified this result by showing that for a given population size the evolutionary process can select any...
Persistent link: https://www.econbiz.de/10005401350