Subgame Monotonicity in Extensive Form Evolutionary Games |
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Authors: | R. Cressman |
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Affiliation: | Department of Mathematics, Wilfrid Laurier University, Waterloo, Ontario, N2L 3C5, Canada |
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Abstract: | A theory of subgame monotonicity is developed for finite extensive form games to model evolutionary processes that respect the subgame structure of the game. It is shown how these evolutionary processes can be decomposed into their evolution on smaller games and also recombined to simplify the analysis of the original game. When applied to the replicator dynamic, a generalization of the Wright manifold from population genetics is a natural consequence of monotonicity. Subgame monotonicity and the Wright manifold are also shown to arise naturally in imitation models based on the extensive form. Journal of Economic Literature Classification Numbers: C70, C72. |
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Keywords: | Subgame monotone extensive form games evolutionary dynamics |
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