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the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions …
Persistent link: https://www.econbiz.de/10011099857
the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions …
Persistent link: https://www.econbiz.de/10011599564
We formulate an evolutionary learning process with trembles for static games of incomplete information. For many games, if the amount of trembling is small, play will be in accordance with the games’ (strict) Bayesian equilibria most of the time. This supports the notion of Bayesian...
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the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions …
Persistent link: https://www.econbiz.de/10011673072